Were these the signs of the inevitable “bumps in the road” that occur during a period of transition from rapid growth to a more sustainable pace of expansion, or were they the early warning signs of a more serious slackening in demand? The FOMC wrestled with this issue at its December meeting.
They find jurisdictions with weak or non-existent anti-money laundering legislation attractive, because such jurisdictions allow them to move money about and conceal their illegally acquired wealth without fear of detection. The failure to enact anti-money laundering legislation weakens our country’s capacity to combat financial crime, corruption and terrorism.