Great Lakes region hides money laundering cartel

According to the conclusion made by a team of researchers from the University of Dar es Salaam (UDSM), money laundering is kicking within the Great Lakes region. The researchers stated that the Great Lakes region money laundering cartel is part of the USD 500 billion illegal cash laundered globally. The origin of this money is to be searched in corruption, drug trafficking and gun smuggling.

The above-mentioned announcement is based on investigations carried under the auspices of the Great Lakes Peace and Security Network (PeSeNet), and ForDIA that covers Democratic Republic of Congo, Tanzania, Kenya, Uganda, Burundi and Southern Sudan.

It should be mentioned that the Great Lakes region has been a territory of prolonged armed conflicts, so this area is insecure and free jungle for laundered money, drugs, guns and massive plunder of natural resources.

In most cases, researchers have established criminal organisations carrying out dealing related to currency counterfeit, illegal foreign exchange, and illegal drugs.

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