Seychelles had some legal changes in recent years that has made it much less attractive for such activity.
Strange as it may seem, the US is now one of the best countries for money laundering, particularly a few states that are very business-friendly, like Delaware.
It's true. There's a whole Planet Money episode about this somewhere in their archives; I think Economics Explained on YouTube also touches on this. Shell corps are the way to go (not that I would know, of course).
Episode 390: We Set Up An Offshore Company In A Tax Haven
It's been a long time, but remember thinking how well done it was. TLDR was (as previous poster mentioned) that Delaware corps were best for anonymity.
In BC our GDP is 1/5 real estate. It’s surreal. I’m willing to be wrong, but my spider senses tell me a whole lot of weird stuff is going on in that sector.
Strange as it may seem, the US is now one of the best countries for money laundering, particularly a few states that are very business-friendly, like Delaware.