Measuring the value of money laundering

Introduction

As indicated last week that column was prompted by the seemingly orchestrated public statements by private organizations, steps being taken by the US Treasury against tax evasion in the region as well as diplomatic and other pressures brought to bear on the parliamentary “opposition.” All this supposedly in the expectation that it would accede to the legislative amendments before the Special Select Committee and therefore not pursue “the goal of effective money laundering reform” designed to reduce the economic burden this deep-seated problem heaps on the country.