Money laundering in Colombia: a lucrative $5B business
Criminals organizations make an annual profit of approximately $5 billion (14 trillion pesos) through money laundering, according to authorities.
Criminals organizations make an annual profit of approximately $5 billion (14 trillion pesos) through money laundering, according to authorities.
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…
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…
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…
The Supreme Court cancelled a meeting with Colombian President Alvaro Uribe, scheduled to discuss Colombia’s extradition treaty with the U.S., because it feels the head of state is undermining the…