Didn't you hear about the Britains largest bank HSBC being fined 1.9bn more then 10% of their global profits by the US for just exactly this? The US as most of the world are trying because laundering is one of the most harmful things you can pose to large economies.<quoted text>
Toward Freedom magazine , June/July 2001
While the US spends billions of dollars trying to interdict illegal drugs from abroad, the country's banking system has been making it easy for drug lords to launder their profits. About half of the estimated trillion dollars in dirty money that comes in large part from drug trafficking moves through the US financial svstem, according to government estimates
FYI-China suffer from very similar problems as well even though their banking system is not even liberalized, how come you didn't mention that sha-gua?