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Some European jurisdictions like Switzerkand or Luxembourg or the UK may be upset and think that the USA are willing to kill their business. The USA raises actual problems with Libor or the use of banking secrecy in Switwerland or Luxembourg. However I wish the USA and Obama were more balanced by admitting their own responsibilities in the current mess and taking corrective actions : - It seems that the subprime issue was hushed up . - Jurisdictions like Delaware are not controlled and it seems there is no will to control. In medio stat virtus.  

Britain is still the money-laundering capital of the world, according to a special six-page investigation published in this fortnight’s Private Eye. This it not a surprise despite FSA does a pretty good job of communication on issues compared to some regulators in other jurisdictions.   Read article

As BBC explains "Libor is the the inter-bank lending rate set every day by the British Bankers' Association (BBA). Libor sets the price for trillions of pounds of hugely valuable derivatives...

The FATF has released the Follow-Up Report to the Mutual Evaluation Report of the United Kingdom, which was adopted in June 2007. In October 2009, the FATF recognised that the United Kingdom had...

In a recent stu dy KMPG UK shows that two thirds of companies believe that there are countries in the world where it is not possible to do business without being involved in bribery and...