10 Most Notorious Money Laundering Cases of the 20th Century

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Money laundering, to put it simply, is the process by which illegally obtained cash is made to appear as if it has been obtained by legal means.

The funds are moved into valid accounts or businesses in order to hide or disguise the financial trail that leads back to the criminal activity.

In 1996, it was estimated that between 2 and 5 percent of the world’s gross domestic product consisted of laundered money.

That’s a lot of dirty money made to look whiter than white. Here we present ten of the most notorious money laundering cases of the 20th century…

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  • Great content of good historical knowledge! but the question is what are the developing countries doing to prevent such blatant disregard to decorum by siphoning funds abroad like Abacha did in his days?

  • Zaradri

    What? Why am I not listed here? Aha, these are the ones caught or known. Hehe you will never catch me.

    President Zardari – Pakistan