October 23, 2021

There are three stories in the news today that seem to me to add up to a larger picture. First is the story of money laundering, which seems suddenly to be all over the news. Today we learned that federal prosecutors in Detroit have broken into a massive money-laundering operation between the United States and the United Arab Emirates called “The Shadow Exchange.” They confiscated $12 million and suggest this is the tip of the iceberg.

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