Compliance & Anti-Financial Crime
Leadership | Insight | Network

Financial Services

REACTION: How the FinCrime world has reacted to Janet Yellen’s remarks that US the ‘best place’ the launder dirty money

By Elizabeth Hearst for AMLi

US Treasury Secretary Janet Yellen took the FinCrime world by surprise when she admitted the United States was effectively the “best place to hide and launder ill-gotten gains” in an official address on Thursday. 

Speaking as part of President Joe Biden’s Summit for Democracy, Secretary Yellen said there was a “good argument” that the US was the easiest place to launder dirty money – owing to “far too many financial shadows that give corruption cover”. 

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!