You don't believe me? Well, you should! The French, the American , the german governments say so. The OECD has studied it and established it. The European Union is currently voting it. The Swiss are assisting the G20 meetings that decide it. And the Swiss say, yes, yes, yes.
 
The SEC, the only regulator capable of frightening the American citizens as well as all the other regulators, is triumphant.
 
At last!
 
After five thousand years of battle, shady money has finally been vanquished.
 
Sumer and Akkad, Babylon and the Lombard bankers of the Middle Ages, contemporary tax havens, are in retreat. It's all over, thanks to the final word of the politicians and senior bureaucrats.
 
...All this would be funny if it weren't so serious.
 
Finance is an industry like any other.
 
Luxembourg, a small country of 350.000  inhabitants, is at the head of all the European rankings of collective and individual wealth. This is not due to the steelworks or the local brasserie, but to the money that finds itself stored there.
 
Cyprus, bankrupt, isn't far behind as is Malta. These states are specialised in money. The same goes for Holland, a little and for London, a lot. Those and others will not  renounce their livelihood like that.....
 
As I've written here before, money coming out of tax fraud represents a tiny part of runaway money. So how about we stop deluding ourselves and writing up reports that serve no purpose.
 
Dirty money is a result of drug, arms and human trafficking.
 
It is therefore useless to cry victory just because we've caught a dozen individuals red handed for not paying their taxes in one country or another.
 
The war on illegal money is far from over. And of this particular war, politicians say nothing and reports serve no purpose.