What determines the destination?
Not all laundered money leaves the country
Some countries' finance sectors provide perfect cover for local launderers
Countries where official corruption is common provide benign environments
Trading, ethnic and linguistic links may affect launderers' preferred
All other things being equal, "hot" money will be attracted to havens with
trading, ethnic, linguistic or geographic links to the generating country
Laundered money seeks countries with
attractive banking regimes
"No questions asked" banking
Countries with stable economies and low risk
What factors make some countries more attractive to ML than others?