INVISIBLE HAND PIECE MONEY LAUNDERING
May 1st, 2004
BY ALAN OSBORNWHEN a local pizza parlour goes bust, or the site of a planned hotel complex is suddenly left abandoned or interest rates suddenly shoot up for no apparent reason, we don't normally blame money launderers. Perhaps we should though. The impact of laundered money on legitimate economic activity throughout the world is hard to measure but all the signs are that it is huge, it is growing, and that, to say the very least, it is highly capricious and unpredictable in its effects.The sheer amount of this laundered money is amazing. Michel Camdessus, former ...
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