The Shepherds of Inequality
And the Futility of Our Efforts to Stop Them
The Shepherds of Inequality and the Futility of Our Efforts to Stop Them provides the reader with well-researched information on money-laundering cases that made news in the years from 2022. From trafficking people, donkeys, and sand, to ingenious bankers, people in power, and the very rich, a picture emerges of what must be the biggest industry in the world, because ongoing opportunities exist everywhere for anybody. The world response known as anti-money-laundering legislation is traced to its origin and the measures being taken to combat this scourge. Her findings reveal a bureaucracy of compliance initiatives that cost financial services a lot of money with relatively little success, although well intended. The reasons, the author contends, are that much of the laws relating to tax application, company structures, offshore tax havens, justice systems protecting heads of state, the variety and ease with which money and cryptocurrencies can be moved, and the culture of greed have led to global inequality and undernourished economies. The world is on the wrong path to minimize money laundering.