That’s the insidiously darker side of the world’s financial system – with millions of dollars in ill-gotten gains finding safety in offshore banks.
Tag: laundering
Pakistani ex-president arrested in money laundering case
Islamabad, Jun 10 (AP/UNB) — Pakistan’s anti-graft body on Monday arrested former President Asif Ali Zardari, widower of assassinated ex-Premier Benazir Bhutto, in a multi-million dollar money laundering case that has shaken the country. The development came hours after a…
Stopping criminals from laundering their trillions
Al Capone had a problem: he needed a way to disguise the enormous amounts of cash generated by his criminal empire as legitimate income. His solution was to buy all-cash laundromats, mix dirty money in with clean, and then claim…