Julian Crowley
Money laundering, to put it simply, is the process by which illegally obtained cash is made to appear as if it has been obtained by legal means.
The funds are moved into valid accounts or businesses in order to hide or disguise the financial trail that leads back to the criminal activity.
In 1996, it was estimated that between 2 and 5 percent of the world’s gross domestic product consisted of laundered money.
That’s a lot of dirty money made to look whiter than white. Here we present ten of the most notorious money laundering cases of the 20th century…
