This is very dated. Surely most readers will be wondering how banks throughout the word have been further regulated and monitored since 9-11. At least it gives a general idea of how money is laundered and it recaps a lot of scandals, some rather peripherally related to laundering.

Biggest problem is that there's no primary research at all. He's just summarizing from others' books and articles. Now, those are listed at the back but if you're reading along and wonder how to find out more about, say, the BCCC Arab bank scandal, you're out of luck. He's so timid or lazy that he doesn't even visit, say, the Caymans or Bahamas or St. Kitts and try to open an account. Or talk to lawyers or business people there. Heck, why not get the advice of lawyers in the Isle of Man or London? Hong Kong too. Talk to some prosecutors too.

He's especially weak on anything related to Asian crime. There's got to be a better book on laundering out there somewhere.
And the weird third-person account of opening a Swiss bank didn't ring true. ( )