Jim Flaherty Quotes

You get to a point where it gets very complex, where you have money laundering activities, drug related activities, and terrorist support activities converging at certain points and becoming one.

Getting in the middle of financial transactions is a regulatory minefield.

We have never heard of laundering in Macau; money laundering is unheard of. Mind you, my casino, every bit of money - someone says Stanley Ho, you issue me a check of so much money - we don't give that easy.

Secret bank accounts are for laundering dirty money. Heads of state at the UN should put an end them. That would be the best way of tracking down the drug traffickers.

Washington should revive international efforts begun during the Clinton administration to pressure countries with dangerously loose banking regulations to adopt and enforce stricter rules.

I think money laundering is giving oxygen to organized crime.

With a certain amount of simplification, money laundering and terrorist financing are opposites. In money laundering, dirty money becomes clean; in terrorist financing, clean money becomes dirty.

Current money laundering enforcement practices are the kind of blanket search that the writers of the Constitution sought to prohibit.

Collective European Union action could mean no hiding places for evaders, no safe haven for tax avoiders, and no treasure islands for money launderers.

When the film industry moves to the 21st century, there should be no doubt in anyone's mind that the money used in film-making is clean and devoid of any underworld connections.

Changing much-cherished bank secrecy laws is worth the effort. Corruption, tax evasion, and the capture of natural resource revenues undermine the rule of law, weaken the social fabric, erode citizens' trust in institutions, fuel conflict and insecurity, and hamper job creation.

The post-Soviet mafia wove a spider's web of dirty money around the world. Where better to attack it than to start with the Ukrainian criminal heavyweights - the 'family' and its closest circle?

When people make donations to non profits, they want to know that their money goes to good use.

The best defence against mafia business is full declaration of assets and incomes.

Crime, money, power, drugs - are all linked.

Money never seems to be interested in strengthening regulatory agencies, for example, but always in subverting them, in making them miss the danger signs in coal mines and in derivatives trading and in deep-sea oil wells.

You win the modern financial-regulation game by filing the most motions, attending the most hearings, giving the most money to the most politicians and, above all, by keeping at it, day after day, year after fiscal year, until stealing is legal again.

If the administration asks for $5 and Congress appropriates $4, that's what they get. If the government creates a subterfuge by going outside the government to raise money through a private entity, that's a violation of the law.

Corruption, money laundering, and tax evasion are global problems, not just challenges for developing countries.

Money is the lifeblood of terrorist operations.

After 9-11, we found that there were organizations throughout the country who under the guise of Islamic charities have raised tens of millions of dollars for Islamic terrorist organizations. They use the non-profit status to shield themselves from prosecution.

Funds are fungible .... Capital controls are extraordinarily difficult to implement and enforce.

Follow the Money

We know India is very focussed on black money; it is a very high-focus subject and we have been very careful to make sure the investments into India are legitimate. There is no 'round-tripping' or hot money or bad money being funnelled through Singapore.

Because it started as an offshoot of al Qaeda in Iraq, ISIL has long been subject to U.N. sanctions, and all countries have a legal obligation to freeze its assets and prohibit its business dealings. But countries around the world need to do more to make these sanctions work.