600 million deposits in Swiss Banks should be ascertained, and arrangements should be made to return the laundered money
The haul doesn't necessarily mean always drugs, it could be laundered money or smuggled electrical appliances," he said.
Off course in regard to laundered money, it is easy to give a cash award immediately.
A CROOK who used more than pounds 1million of laundered money
to buy a string of luxury vehicles was jailed for three years yesterday.
A JAILED solicitor who laundered money
for a cross-border oil smuggler must pay back more than pounds 66,000, a court has ruled.
In the late '80s, Kerry was the chairman on the Senate Subcommittee on Terrorism, Narcotics and International Operations and it decided to investigate the Bank of Credit and Commerce International, which laundered money
for Latin American drug cartels and had clients like Saddam Hussein and early al-Qaida leaders.
The impact of laundered money on legitimate economic activity throughout the world is hard to measure but all the signs are that it is huge, it is growing, and that, to say the very least, it is highly capricious and unpredictable in its effects.
The sheer amount of this laundered money is amazing.
The sessions also covered reporting of suspected dealings and how laundered money
is used in financing various terrorist activities.
He shows us a teeming tropical metropolis, fueled with laundered money
and backdoor deals, and peopled by the very poor and the very rich: ``sellers of hand towels, flowers, drinking mugs and cookies crowding you at every traffic light'' and wealthy bigwigs, sealed off from the tumult behind ``paneled, steel-lined bulletproof doors of rain-forest teak with brass handles.