Follow the Money

As the international financial system has expanded, so too have financial abuses?money laundering, tax evasion, and rogue banking. Globalization is now changing the nature of these age-old problems, threatening to undermine U.S. diplomatic, economic, and even strategic interests. Multilateral efforts have begun to combat these abuses and have already achieved some impressive results. But time is running short for the Bush administration to act, and its decisions now will determine whether these multilateral efforts will continue.