Annual Revenue from Illegal Drug Sales in Colombia

Up to $8.7 Billion of drug trafficking money is laundered within Colombia every year, according to Finance Ministry.

This is slightly higher than the $6.6 Billion in drug sales that was reported for Colombia in 2008.

Between January 2006 and December 2010, over 42,000 suspicious financial transactions were flagged by Colombian authorities.

(More cases on money laundering.)

Source: SAPA, “Colombian money laundering tops $8bn,” New 24, January 20, 2011.