{"content":[{"text":"The United States and the Swiss banks","bbox":{"left":0.131176,"top":0.070848,"width":0.33364099999999997,"height":0.019089999999999996}},{"text":"Governments might also want to mirror the measures which the United States took to deal \n with Swiss banks, and send official letters to law firms, banks and other companies in haven \n countries putting them on notice that they have a set amount of time to respond to the letter, \n and must identify every citizen of the country (that sent the letter) who used their services to \n evade taxes or hide dirty money.","bbox":{"left":0.131176,"top":0.102672,"width":0.730474,"height":0.082913}},{"text":"They would be given the chance to avoid criminal prosecution if they make those disclosures \n and pay a fine of 20 percent of what they helped to hide for the dirty client. When the United \n States took this action, more than 100 banks opted in to this process.","bbox":{"left":0.131176,"top":0.198506,"width":0.7363740000000001,"height":0.050943000000000016}},{"text":"International taskforce","bbox":{"left":0.131176,"top":0.262514,"width":0.19273700000000002,"height":0.019089999999999996}},{"text":"Each major country should designate one agency that will have primary responsibility for \n undertaking criminal investigations of money launderers. In the United States, this author \n would recommend that this should actually take the form of a taskforce, similar to the U.S. \n Strike Force that worked under Attorney General Robert Kennedy.","bbox":{"left":0.131176,"top":0.294263,"width":0.713167,"height":0.06700400000000001}},{"text":"Back then, agents from various agencies were assigned to that Strike Force and reported to \n separate Strike Force management. This circumvented the traditional problem of agencies \n failing to share information.","bbox":{"left":0.131176,"top":0.374112,"width":0.729303,"height":0.05101800000000001}},{"text":"This taskforce can start off with representation from the United States and the UK, which can \n then decide which other countries should join their collaborative effort. They should identify \n the 10 top money laundering targets in the world (bankers, banks, attorneys, financial \n service providers, etc.) and develop information on those top targets and keep working on it \n until they develop a criminal case. It would be similar to the top 10 most wanted: you don't \n stop looking for them because it is too hard to find them.","bbox":{"left":0.131176,"top":0.438051,"width":0.736299,"height":0.09889799999999999}},{"text":"Tracking bulk bank note transactions","bbox":{"left":0.131176,"top":0.549939,"width":0.3186650000000001,"height":0.01909000000000005}},{"text":"Something else which might stimulate change would be for governments to work together to \n exploit records about bulk bank note trading (hard currency). For example, if information \n could be pried from the hands of the Federal Reserve about which banks and other entities \n repatriate bulk cash to them, or traded in bulk cash, those institutions which take in big cash \n could be identified.","bbox":{"left":0.131176,"top":0.581763,"width":0.7302740000000001,"height":0.0829129999999999}},{"text":"Then governments would simply need to keep following the trail until they got to the \n accounts that brought in the cash, because big time \"bad guys\" (drug dealers, etc.) do not \n deal in bitcoin or other alternative payment methods.","bbox":{"left":0.131176,"top":0.677596,"width":0.7121850000000001,"height":0.05101900000000004}},{"text":"To get a sense of the amount of cash that is repatriated in the United States alone, one has \n only to read the Senate Subcommittee Report about HSBC. In less than three years the \n bank repatriated $106 billion in U.S. currency.","bbox":{"left":0.131176,"top":0.74146,"width":0.7254470000000001,"height":0.051018999999999926}},{"text":"If that had been in $20 bills, it would have weighed more than 5,800 tons. A huge portion of \n that cash was bought by HSBC from sources in Mexico and the Sub-Saharan nations of \n Africa: major drug money collection centers.","bbox":{"left":0.131176,"top":0.805399,"width":0.7232770000000001,"height":0.05094299999999996}},{"text":"It is simple when it comes to drug dealing: the drug dealers have no choice but to accept \n whatever the users of drugs give in return for illegal drugs. Drug cartels get mountains of","bbox":{"left":0.131176,"top":0.869263,"width":0.702447,"height":0.03503400000000001}},{"text":"Page 2 of 4","bbox":{"left":0.808431,"top":0.920845,"width":0.07397100000000001,"height":0.017635000000000067}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}