How the World’s Leading Banks Help Launder $2 Trillion a Year
By Jamie Redman
Some of the most well-known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year. Over $2 trillion is laundered annually by criminals who utilize various ways to hide money in banks, which are often complicit or at least willing to turn a blind eye. The following is a look at money laundering schemes used by criminal enterprises that use the world’s so-called ‘regulated’ banks as their main laundromat system.