Raymond Baker is Senior Fellow at the Center for International Policy and Director of Global Financial Integrity in Washington, D.C. He is the author of Capitalisma?s Achilles Heel: Dirty Money and How to Renew the Free-Market System. (December 2009)

IN THE REVIEW

Illicit Money: Can It Be Stopped?

A pier in the Cayman Islands, the secret hiding place of many illicit money transactions
On May 4, the Obama administration announced a plan to crack down on offshore tax havens, which it said are costing the United States tens of billions of dollars each year. The President’s proposals were primarily aimed at finding ways to increase revenue from wealthy companies and investors who use …