PRECURSORS CREATE DRUGS AND DIRTY MONEY AT THE SAME TIME
October 1st, 2010
BY EMMA JACKSON
THE PROLIFERATION of international money laundering controls was inspired by the need to find dirty money from illicit drug sales. And illegal drug trafficking still generates billions of dollars around the world each year, which must be laundered. But most illicit drugs, with the exception of marijuana, require some sort of legal chemical substance for production, called drug precursors. Most are produced, sold and used legitimately in a host of industries such as the pharmaceutical, cosmetic and paint sectors, but can be diverted from the ...
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