Word: palau
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Dates: during 1990-1999
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...extradited an accused money launderer and assured the U.S. of further cooperation, cartel financiers began scurrying for alternatives. Among the prospects being watched by investigators: Vanuatu, a Pacific island republic formerly known as the New Hebrides; the Cook Islands, a protectorate of New Zealand; and the island group of Palau, which is about to legalize gambling, a business that generates the kind of cash flow money washers love to swim...