Money laundering is a common practice among drug dealers, traffickers, smugglers, terrorists and other criminals. The practice is on the rise. In Germany, the Financial Intelligence Unit was established to deal with the growing problem.
The US branch of Rabobank has entered into a plea deal after it was accused of laundering hundreds of millions of dollars for drug traffickers. The settlement was one of the largest in history involving Mexican cartels.
An EU Commissioner called it "the biggest scandal in Europe today." The Danske Bank-Russia money laundering affair is a shock for many in Denmark — for high-end UK realtors it's just a supply chain glitch.
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