s were ripe for this kind of exploitation by organized crime because of the large degree of secrecy and concealed nature of its banking legislation and system, “Like all tax havens, the Bahamas are characterized by the essential elements of strict rules of bank secrecy and little or no taxes. Since 1965 bank secrecy has been based on legislation which prohibits and punishes the disclosure by a bank employee of an account holder’s name or financial situation. The strict secrecy associated with banks also applies to the activities and ownership of corporations. In addition, there are no income, profit, capital gains, gift, inheritance, estate or withholding taxes in the Bahamas” (Kelly 334).
Therefore, we can see that one of the most effective methods used by organized crime to take over control of an area is to infiltrate it on the infrastructure level. Once public officials (politicians and law enforcement), corporation owners, bank presidents and others (like real
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