Despite the clickbait title of the article, this isn’t complete information. Plenty of locales will be happy to take your money and register your company - name

Despite the clickbait title of the article, this isn’t complete information. Plenty of locales will be happy to take your money and register your company - named, numbered, owned by Larry, Moe, and Curly no problem. However banks still have their “know your customer” requirements, and generally need to understand and verify the ultimate owner of an entity. That is where the checks are. Just registering a company doesn’t give you access to a bank account. Where companies like HSBC get in trouble is they do the verification incorrectly, wink, and don’t discover the error until someone points it out to them. Money coming in and out of traditional tax havens gets a lot of scrutiny. As someone mentioned earlier most current money laundering schemes involve real estate or buying profitable businesses. I’ve read the mexican drug cartels will buy winning lottery tickets from people (at full value!) because it allows them to justify their income.