Money laundering totals 2% per annum of the GDP in the Dominican Republic, according to figures from the Inter-American Convention against Corruption.<\/p>\n
The money from corruption, tax evasion and violent criminal activity in the country totaled US$1.6 billion per year, according to figures from the Convention held in 2010 in New York, Hoy newspaper reported on Wednesday February 22.<\/p>\n
The statistics show an increase compared to 2008, when the illegal money flow to the country was estimated at US$820 million per year, according to a lecture by Alejandro Rebolledo, an expert on money laundering prevention.<\/p>\n
At global level figures, money laundering generated by drug trafficking and other crimes are from three to five trillion US$ per year, representing about seven percent of global GDP.<\/p>\n
Rebolledo advised the electoral authorities to be concerned about identifying the origin of resources used to fund political campaigns, after warning that drug traffickers could use the election period.<\/p>\n
Rebolledo’s lecture is part of the preparations for the 2nd International Anti Money Laundering and Fight against the Financing of Terrorism to be held on July 5-6 in the Dominican Republic with the participation of experts seeking to create a national network of action against this criminal activity.<\/p>\n
www.plenglish.com\/index.php?option=com_content&task=view&id=480693&Itemid=1<\/p>\n","protected":false},"excerpt":{"rendered":"
Money laundering totals 2% per annum of the GDP in the Dominican Republic, according to figures from the Inter-American Convention against Corruption. The money from corruption, tax evasion and violent criminal activity in the country totaled US$1.6 billion per year, according to figures from the Convention held in 2010 in New York, Hoy newspaper reported … <\/p>\n