Global Financial Integrity

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How Money Laundering Works, And How We Can Fight It

 

Saul Goodman and Leo Getz might be funny characters on Breaking Bad and the Lethal Weapon series, but money laundering enables crimes like sex slaveryarms trafficking, and rhino poaching. Criminals launder billions of dollars through the U.S.

They set up anonymous shell companies in states like Delaware, Wyoming, and Nevada, use them to open up bank accounts in offshore tax havens like the Cayman Islands and Bermuda, and almost always escape prosecution. And when banks have gotten caught letting criminals launder money, the U.S. government has treated them as 'Too Big to Jail."

We can stop this - the Incorporation Transparency and Law Enforcement Assistance Act would make it impossible to form an anonymous shell company in the United States and the Holding Individuals Accountable and Deterring Money Laundering Act would end Too Big to Jail. Tell your Representatives to co-sponsor these bills, and let's stop letting criminals launder money using U.S. anonymous shell companies and U.S. bank accounts.

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Tell Your Representatives to End Too Big To Jail and U.S. Shell Companies: