Why not in Las vegas? It is closer and more slut machines!
2007-03-01 15:32:13 · 2 answers · asked by Anonymous in Social Science ➔ Economics
These countries tend to have either less of a paper trail or are more protective of their depositors than are places in the US. Casinos are one of the most watched industries in regard to money laundering. Thus, it is easier and safer to simply send the money out of country to these banks, and then access it through wire transfers.
2007-03-02 01:41:19 · answer #1 · answered by theeconomicsguy 5 · 0⤊ 1⤋
The rate of return is higher in the Cayman Islands, Switzerland, Luxembourg, and Monaco.
Las Vegas is more difficult because of the US regulations and the reporting that is needed by a casino.
$100M washed in the Caymans can yield $95M probably and in Vegas it would take forever to wash $100M and the yield wold be closer to $70M.
2007-03-03 12:01:50 · answer #2 · answered by Santa Barbara 7 · 1⤊ 1⤋