Big Banks Started Laundering Massive Sums of Drug Money In the 1980s … And Are Still Doing It Today

For More Than 30 Years, the Big Banks Have Been Key Players In the Drug Trade. It has become mainstream news that at least some of the big banks are laundering staggering sums of drug money. Official statistics show that huge sums of drug money are laundered every year:

The United Nations Office on Drugs and Crime (UNODC) conducted a study to determine the magnitude of illicit funds generated by drug trafficking and organised crimes and to investigate to what extent these funds are laundered. The report estimates that in 2009, criminal proceeds amounted to 3.6% of global GDP, with 2.7% (or USD 1.6 trillion) being laundered.