How to Launder Money

It is estimated that some $1.5 trillion dollars is laundered every year. If we write that down as $1,500,000,000,000 then we begin to realize how much that is.

The U.S. national debt now stands at $14 trillion, ($14,000,000,000,000). The famous U.S. stimulus package was only $787 billion ($787,000,000,000), and the sales turnover of Apple Inc. is $65.23 billion ($65,230,000,000).

In other words, the amount of dirty money that is being laundered every year through Organised Crime Worldwide Ltd. is much bigger than one of the most successful companies in the world. Exaggerated you may say, but probably not. Remember that criminals do not file tax returns, and they do not produce audited accounts, so at a guess the figures quoted are lower than reality, and the problem is much bigger and probably rising.


Dense reading, but here it is -- the inside out of money laundering, from the distant past to the present, as reported in a blog entry for Turks and Caicos-- or fptci.com.