Global Banks Are The Financial Services Wing of The Drug Cartels
A Colombian soldier inspects the harvest of a 50-acre coca plantation: fines for laundering drugs money may seem huge, but banks pay them out of petty cash. Photograph: Efrain Patino/AP “Steal a little,” wrote Bob Dylan, “they throw you in jail; steal a lot and they make you a... Read more
How a big US bank laundered billions from Mexico’s murderous drug gangs
As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the Observer reveals how the increasingly frantic warnings of one London whistleblower were ignored   A soldier guards marijuana that is being incinerated in Tijuana, Mexico.... Read more