News Analysis: Money Laundering Always Leaves Residues For Forensic Accountants To Find as the Illicit Sources of Funds are ‘Decipherable’. Tax Authorities around the Globe are increasingly finding more Money “Stashes” than ever before. It appears there are NO Countries in which Money Laundering is not occurring. Since taxes are not collected on the ‘Gains’, Nations lose out.
As Legitimate Leaders of Countries decide that Strict Punishment for the Miscreants is the only effective way to stop “Laundering”, Enthusiasm for Secreting Funds will diminish: ‘Too Much Pain For Any Gain’ may be the ‘Sneaks’ thoughts.
Furthermore, if a Nation considers the more Serious Matter of “Tax Evasion” to be equated to “Economic Treason” to it, more Stern Punishments are needed. These will influence all but the most Recalcitrant Crooks to pay what they owe AND to forgo their Illegal Behaviors. For those too stubborn to change their ways, their Removals from Society is “Just Deserts”.
There is no substitute for Everyone on the Globe to “Fly Straight”.
Reality.
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