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ANALYSIS: Janet Yellen revealed how far dirty money has infiltrated the US financial system – how big is the problem?

By Tim Lloyd for AMLi

Remarks made by U.S. Treasury Secretary Janet Yellen at the Summit for Democracy last week have recast the spotlight on the U.S. as a safe haven for financial crime and sheltering the proceeds of corruption.

The Biden-Harris administration organized the first Summit for Democracy, a Zoom-style teleconference that “brought together leaders from government, civil society, and the private sector” in an effort to establish an “an affirmative agenda for democratic renewal and to tackle the greatest threats faced by democracies today through collective action.”

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