” Depending on which international agency you ask, criminals launder anywhere between $500 billion and $1 trillion worldwide every year. The global effect is staggering in social, economic and security terms.
. . .
Developing countries often bear the brunt of modern money laundering because the governments are still in the process of establishing regulations for their newly privatized financial sectors. This makes them a prime target. “
Rumors relating to money laundering and connections between the fallen banks and the Russian mob continue. It is told that these are so ’embarrassing’ and reach so high up in the ranks and across boarders, that it will be about the last ‘material’ to be uncovered, – if at all.
In the meantime, low-level bank-employees are being investigated where the sums of money allegedly embezzled are in the range normal people can identify with.
No wonder that people delighted in the story about Tony Musulin – Best Thief of the Year 2009.