The trade union representing Germany’s police investigators estimates that between $65 to $78 Billion (50 to 60 Billion Euros) are laundering within the country each year.
The Organization for Economic Cooperation and Development (OECD) stated that other countries investigate money laundering and detect financial crimes at a rate of four to twenty times more than Germany.
One method that money is laundered in Germany is through illegal gambling. From slot machines that pay out less money and illegal online gambling, up to $155 Million (120 Million Euros) is laundered each year.
Source: Wolfgang Dick, “Germany, a safe haven for money laundering,” Deutsche Welle, October 30, 2012.
{ 1 comment… read it below or add one }
The Germans should first clean their own house and then critisize others!