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Dirty Money, Trash or Treasury?

money laundering drug money

Did you know that the main cause of disruption in the natural flow of legal tender/currencies in not only the U.S. but also, Mexico, Europe and, the Middle East money laundering due to international drug trafficking?

Interviewed by The Independent on Sunday, Mr Saviano said of the international drugs trade, that “Mexico is its heart and London is it’s head”. He Said, the cheapness and the ease of laundering dirty money, through UK-based banks Gave London a key role in drugs trade. “Antonio Maria Costa of the UN Office on Drugs and Crime found that drug trafficking organisations were blatantly recycling dirty money through European and American banks, but no one takes any notice,” he said. “He found that banks were welcoming dirty money because they need cash, liquidity during the financial crisis. The figures are too big to be rejected …. Yet there was no reaction.”

Money laundering is the process of transforming the proceeds of crime into ostensibly legitimate money or other assets.[1] However, in a number of legal and regulatory systems, the term money laundering has become conflated with other forms of financial crime, and sometimes used more generally to include misuse of the financial system (involving things such as securities, digital currencies, credit cards, and traditional currency), including terrorism financing and evasion of international sanctions. Most anti-money laundering laws openly conflate money laundering (which is concerned with source of funds) with terrorism financing (which is concerned with destination of funds) when regulating the financial system.[2]-independent.co.uk

Multinational banks have also been known through implications in money laundering for cartels and have faced federal investigations for their involvement in the drug trade.

Multinational banks have also been known through implications in money laundering for cartels and have faced federal investigations for their involvement in the drug trade.

“Every Time there’s an election campaign, I wonder if Someone will come forward and start a campaign on money laundering … but it never happens. The reason, I am convinced but I don’t have the proof, is that a good part of the money that comes from money laundering goes into the election campaign. Not illegally, legally, because it can come in because of a lack of regulation.”

“In the past, famous drug lords like Pablo Escobar, Joaquín “El Chapo” Guzmán, and through many more years, were able to amass millions of American dollars or more selling drugs to American consumers. But as enforcement has gotten stronger, less and less of these profits make it back to the source”.The Fix

Money laundering is not as the vast majority of society see it to be. With the advancing researches in technology always expanding and broadening our horizon, many doors that were previously closed are opening simultaneously as another closes.

This is referring to the manufacturing of fraudulent bills produced in rural print shops finding it harder to mimic the key signs in and on a note of legal tender. Providing fake paper in drug rings is now too risky so a new era of criminal has been born. One that works hard daily alongside honest employees in a general workplace as a snuffer for the scent of “dirty money” made after hours and as a means of justifying the money as honest, hard earned cash.…