Chapter 12 References

What is the Uniform Commercial Code?

The Uniform Commercial Code (UCC) is a standardized set of regulations for conducting business and financial transactions in any state in the U.S. It is not a federal statute but a state law that has been adopted by all 50 states and the District of Columbia.

According to Investopedia, a UCC Financing Statement uses ‘Form 1’, hence UCC-1:

The UCC-1 publicizes the creditor's legal right to seize collateral if the borrower fails to make payments on a loan.

They must be filed with agencies in the state where the borrower’s business is incorporated.

Recorded on the Washington DC Recorder of Deeds website is multiple UCC-1 Financing Statements between the Federal Reserve Bank of New York and banks around the world. 

All accounts, chattel paper, inventory, equipment, instruments, investment property, general intangibles, documents, and all assets, now owned or hereafter acquired, that are identified, from time to time, by Debtor to Secured Party in writing, by electronic means (including by CD-ROM) or by any other means agreed by the parties, as collateral securing the obligations of Debtor to Secured Party under a written agreement between the parties, and all proceeds thereof; and all collateral, guarantees, letters of credit, surety bonds and other supporting obligations pertaining to the foregoing, and all proceeds thereof.

Explanation of how interest payments on borrowed money is in fact a tax can be found in correspondence from Benjamin Franklin in 1765, but references the Paper Money Act of 1739:

A great annual Sum continually increasing will arise to the Crown for Interest, to be apply’d to American Purpose.
It will operate as a general Tax on the Colonies, and yet not an unpleasing one; as he who actually pays the Interest has an Equivalent or more in [the use of the principal. But the tax, if it can be so called, will, in effect, spread itself more equally on all property, perhaps more so than any other tax that can be invented; since every one who has the money in his hands, does from the time he receives it, to the time he pays it away, virtually pay the interest of it, the first borrower having received the value of it (to use for his own profit) when he parted first with the original sum. Thus the rich who handle most money, would in reality pay most of the tax.

From Wikipedia:

Money laundering is the conversion or transfer of property; the concealment or disguising of the nature of the proceeds; the acquisition, possession or use of property, knowing that these are derived from criminal acts; the participating in or assisting the movement of funds to make the proceeds appear legitimate.