* * * Previously published as Secrecy World * * *

Includes bibliographical references (pages 287-330) and index.

Draws on millions of leaked documents from the Panamanian law firm Mossack Fonseca--the Panama Papers--to discuss the illicit money, political corruption, and global fraud that comprise a hidden trillion-dollar economy.

The Inspiration for the Major Motion Picture from Director Steven Soderbergh, Starring Meryl Streep, Gary Oldman, and Antonio Banderas. Two-time Pulitzer Prizewinning investigative reporter takes us inside the world revealed by the Panama Papers, a landscape of illicit money, political corruption, and fraud on a global scale. A hidden circulatory system flows beneath the surface of global finance, carrying trillions of dollars from drug trafficking, tax evasion, bribery, and other illegal enterprises. This network masks the identities of the individuals who benefit from these activities, aided by bankers, lawyers, and auditors who get paid to look the other way. In The Laundromat, two-time Pulitzer Prizewinning investigative reporter Jake Bernstein explores this shadow economy and how it evolved, drawing on millions of leaked documents from the files of the Panamanian law firm Mossack Fonsecaa trove now known as the Panama Papers, as well as other journalistic and government investigations. Bernstein shows how shell companies operate, how they allow the superwealthy and celebrities to escape taxes, and how they provide cover for illicit activities on a massive scale by crime bosses and corrupt politicians across the globe. Bernstein traveled to the Caribbean, Latin America, Europe, and within the United States to uncover how these strands fit together, who is involved, how they operate, and the real-world impact. He recounts how Mossack Fonseca was exposed and what lies ahead for the corporations, banks, law firms, individuals, and governments that are implicated. The Laundromat offers a disturbing and sobering view of how the world really works and raises critical questions about financial and legal institutions we may once have trusted.