DRUG RING EXPOSES MASSIVE MONEY LAUNDERING IN DOMINICAN REPUBLIC

An article in Insight Crime on 11 August says that the dismantling of one of the Dominican Republic’s largest drug trafficking rings has revealed that the country serves not only as a cocaine transshipment point but also a money laundering hub. It is said that the ring laundered more than $260 million in drug proceeds during the past 3 years.

https://www.insightcrime.org/news/brief/dominican-republic-massive-money-laundering/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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