Wednesday, October 21, 2009

Money Laundering ... Let Tara Do It!




Currency of Choice


For decades, the U.S. dollar has been the most popular currency for launders to use. Its popularity is due to its wide acceptance and the volume of worldwide transactions that use the currency -- a few million extra dollars changing hands doesn't attract attention. However, the euro has slowly gained a foothold in the laundering industry since its introduction into common use in 2002. As far as money laundering goes, the euro could be the perfect currency: It is the main legal tender of more than a dozen coun­tries, meaning it circulates in tremendous volume and moves regularly across borders without any notice at all.

No comments:

Post a Comment