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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”. 

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