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- 15 Countries Named as Potential Money-Laundering Havens
Financial Action Task Force, body created by Group of 7 wealthy countries to fight money laundering, names 15 countries and territories as potential havens for ill-gotten wealth; they are Israel, Philippines, Russia, Bahamas, Cayman Islands, Cook Islands, Dominica, Lebanon, Liechtenstein, Marshall Islands, Nauru, Niue, Panama, St Kitts and Nevis and St Vincent and the Grenadines
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Settled by Norwegians and Celtic (Scottish and Irish) immigrants during the late 9th and 10th centuries, Iceland boasts the world's oldest parliament, the Althing, established in 930. Independent for over 300 years, Iceland was subsequently ruled by Norway and Denmark. Limited home rule was granted in 1874 and complete independence attained in 1944. Literacy, longevity, income, and social cohesion are first-rate by world standards.
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