US banks are taking the money-laundering and capital-control-evasion business away from the traditional giants in places like Hong Kong, Switzerland, Luxembourg, and the Cayman Islands: “‘The winners of these new double standards are the U.S. states of Delaware, Alaska and South Dakota,’ one local attorney said.
Months later, a confidential document indicated that the family of the Dominican Republic’s former Vice President Carlos Morales Troncoso had abandoned e Bahamas as a go-to sanctuary for their wealth.
For their new refuge, they chose a place 1,600 miles away: Sioux Falls, South Dakota.”