Has anyone considered that the AML 'problem' is just a wool screen?
I think the real problem for Lagarde, is that investors have an alternative to pile into as opposed to:
1. Equities (either failing or becoming overpriced)
2. Currencies (probably being printed in bulk)
3. Gold that is in demand, expensive, and I presume largely now held/sold by Central banks?
What are your thoughts on this?