Money Laundering in Afghanistan

in Business Risk, Substance Abuse

Afghanistan’s Minster of Finance stated that up to $10 Million is being smuggled out of the country by corrupt officials.  The cash is being flown to Dubai where it is funneled into financial institutions. The money laundering activities mainly consists of moving proceeds from drug trafficking operations, as well as individuals imply attempting to hid their assets.

US Officials believe that portions of the cash ends up in the hands of the Taliban.

(Additional security threats and crime in Afghanistan.)

Source:  Tony Perry, “$10 million is smuggled out of Afghanistan daily, official says,” Los Angeles Times, December 6, 2009.

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