The US tops the list of countries for enabling banking secrecy, shell companies, anonymous real estate ownership or other forms of financial secrecy, which in turn enable money laundering, tax evasion and the evasion of sanctions according to the Tax Justice Network’s (TJN’s) Financial Secrecy Index published this week.

Earning the worst rating ever recorded since the ranking began in 2009, the US is amongst five G7 countries, alongside the UK, Japan, Germany and Italy, that are responsible for slowing global progress against financial secrecy.

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