Whilst one congratulates the Government and peoples of the United States of America on this epoch making victory against corruption, the need to globalize the impact of the forced closure of Swiss bank, Wegelin, cannot be over stated.
The continued existence of criminally minded banking institutions in the mold of the Swiss bank, Wegelin, anywhere in the world, whether in Dubai, the Cayman Islands, or other offshore havens, represents a potent threat to US and the international community’s interests, and concerted efforts ought to be made to root out such.
There is incontrovertible proof linking loot stashed away from African countries in Banks similar to Wegelin, with global terrorism, human trafficking and other base international criminal acts. Corruption by kleptocrats manning African countries have likewise led to genocidal wars, mass dislocation of populations, proliferation of adverse health conditions and ultimately deaths of millions on the continent.
It is truly hoped that efforts by the international community to root out these international criminal vices must be holistic - which means, rogue banking institutions where funds looted from African countries are presently deposited should begin to be ready to 'vomit' such funds and wind up, just like Wegelin.
It will be really unfortunate if the United States uses it's enormous clout to ensure the closure of only fraudulent financial institutions which directly impinges on its citizens interests. The US will surely enhance its stature as the bastion of democracy and good business and financial practices if it extends such efforts to ensure that such banks which suck the blood of African countries are likewise liquidated - otherwise, the gap in credibility will become quite manifest.
Corruption kills!
Large-scale Corruption is a crime against humanity!!
Corruption compares with mass murders, rape and other crimes against humanity!!!
http://www.bbc.co.uk/news/business-20907359
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