This all makes for good press, but it's rather naive about how the global banking system works. If it were possible to decompose the flow of capital between nat

This all makes for good press, but it's rather naive about how the global banking system works. If it were possible to decompose the flow of capital between nations into its purposes, avoidance of taxes and regulations would outweigh all other purposes 2:1. Most of this activity is viewed as legal. The only barrier to moving capital out of any tax/regulatory regime is the overhead you are capable of spending to do it and that's the only way it can be without a drastically different system of international governance. One can always perform infrastructure spending, if the needs are great. My favorite example is the island of Seipan, which was used over the last 20 years to expatriate billions and billions of dollars from China into the US. https://www.bloomberg.com/news/videos/2020-04-15/how-a-chinese-casino-conquered-a-piece-of-america-video https://www.bloomberg.com/news/videos/2020-04-15/how-a-chine... There isn't really any international enforcement body or oversight besides whenever there is outrage in the US/Europe. On paper banks doing business with US banks must extend the US enforcement regime, but there isn't really any system to ensure that's the case, and the US laws are already weak. These news stories cannot change this reality, and there's really nothing mysterious or hidden about how these funds transfers work.