Laundering Colombia's drug money Part 2: how to stop it

[Judi Lynn]

by Adriaan Alsema July 20, 2020

Colombia’s law enforcement and international agencies have spent decades trying to keep up with the ever-changing money laundering rackets that finance drug trafficking.

This may feel like bringing water to the ocean because of organized crime organizations’ ability to hide behind or in legitimate businesses and their constant ability to adapt.

Going after the banks

Targeting banks has been going on since the 1970s, but continues to be complicated as bank are extremely powerful and, for example, US prosecutors can’t just look into the activities of foreign banks.

The most recent scandal involving the Danske Bank is only the latest example of how normal banks are still vulnerable, but don’t really seem to care and are difficult to bring to justice.

More:
https://colombiareports.com/laundering-colombias-drug-money-part-2-how-to-stop-it/