’This is a book to give Western governments nightmares. Following on Robinson’s previous bestseller The Laundrymen, it presents evidence that money from drugs, crime and terrorism is now seriously out of control.., and the whole black financesystem has been allowed to infiltrate legitimate economies and banks to such an extent that it is virtually indestructible. Many of today’s estimated 4,000 offshore banks have no physical presence anywhere, yet do legitimate business through "correspondent banking" with London, New York, or Frankfurt. They are ready-made washing machines for dirty money.’

The Director

At any time an estimated ε350 billion in dirty money is circling the globe looking to get clean. It represents just a fraction of the wealth hidden offshore, untaxed and beyond the reach of law enforcement.

Robinson’s compelling account of where the line between legitimate business and crime vanishes is a damning indictment of ineffective attempts to control money laundering by cumbersome regulatory authorities.

Preface

1  Like a Thief with a Blueprint

2  The Next Cuba

3  The Rules of Nowhere

4  Sinks R Us

5  Potentates in the Citi

6  Caribbean Wash

7  Smoke and Mirrors

8  Ponzi’s Ghost

9  Cabletrap

10  Pumps-’n-Dumps and Other Games

11  When Parallel Lines Meet

12  You Gotta Have a Gimmick

13  Entangled Alliances

14  A Better Mousetrap

15  Too Many Bagpipes

16  Blood Money

17  Future Crime

Epilogue

Glossary

Acknowledgements

Selected Bibliography

Index