Media sources have highlighted numerous global scandals and high-profile cases showing that one of the ways through which criminals still manage to launder their illicit proceeds without any hurdles is through their ability to obscure the ownership of their tainted assets while still retaining control over them.
Monetary Union has succeeded in many ways, but it has not delivered the gains that were expected in all countries. This is partly the result of domestic policy choices and partly the result of Monetary Union being incomplete, which led to insufficient stabilisation during the crisis.