AS BHUTAN STEPS INTO THE GLOBAL ARENA, MONEY LAUNDERING RISKS INCREASE
June 1st, 2012
BY TENZING LAMSANG, IN THIMPHU
THE OPENING up of the Himalayan kingdom of Bhutan to the world through globalisation, and its newly democratic government's domestic political and economic liberalisation reforms in recent years, has made the tiny state - with a population of fewer than 700,000 - increasingly vulnerable to international money laundering and cross border financial crime. Struggling with limited technical and financial monitoring capacities, Bhutan has been hit by both money laundering and Ponzi scams - both of which have had telling effects on the ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.