Muammar Qaddafi and Hosni Mubarak are both said to be worth billions of dollars. 'Hiding money is not rocket science,' says Jeffrey Robinson, author of a money laundering exposé.
Switzerland says it has returned more than $1.5 billion over the past 20 years, but money laundering continues on a grand scale. 'It's like untying the Gordian knot,' says a former Department of Justice official.
Wednesday's US-Swiss deal is the latest step in an international crackdown on tax evaders.
The amount of global wealth stashed in tax-haven nations is staggering and largely uncontrolled, financial experts say. Here's a backgrounder.
G-20 nations pledge to address this subject at meeting in London next month. Analysts are skeptical.