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Guest Post – Snowstorm – tax havens and organised crime today


Al Capone and friends

Organised crime has had a long association with tax havens.  As our own Nicholas Shaxson wrote in an article The truth about tax havens, the Bahamas was set up as a secrecy jurisdiction by Meyer Lansky, none other than Al Capone’s lawyer. When Lansky was thrown out he moved to nearby Caymans. It is easy to see the attraction, loose laws and financial secrecy make the laundering of the proceeds of crime much easier.

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