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CANDID: US is arguably ‘best place to hide and launder ill-gotten gains,’ admits Treasury Secretary Yellen; she vows to tackle shell companies

By Elizabeth Hearst for AMLi

United States Treasury Secretary, Janet Yellen, has said there is a “good argument” that the United States is right now the “best place to hide and launder ill-gotten gains”.

States that “give corruption cover”. She added that “we need to throw a spotlight on them” and revealed the US government was implementing a “holistic strategy” to combat corruption released this week. 

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