Money laundering in Colombia: a lucrative $5B business
Criminals organizations make an annual profit of approximately $5 billion (14 trillion pesos)...
Tag: UIAF
Money laundering costs Colombia more than $10B in 2012
Despite being removed from an international money laundering blacklist, more than $10 billion dollars was laundered in Colombia in 2012, or the equivalent of 3% of the country’s Gross Domestic Product (GDP). According to the...
Ex-official implicated in DAS scandal temporarily goes free
A Colombian judge has confirmed the granting of conditional freedom to the ex-director of the government’s Financial Information and Analysis Unit (UIAF), Mario Aranguren, accused of involvement in the Department of...
Govt. warns of criminal influence in elections
The Colombian government has warned that the upcoming regional elections could present an opportunity for drug traffickers to launder money through campaign sponsorship, Caracol Radio reported. Minister of Interior and Justice...
