OK - let's start examining the effects of money laundering on individual nations. Keep in mind the following disclaimer - I am not here, nor is it the purpose of this blog, to single out any countries or peoples and point at them. Money laundering is a WORLDWIDE problem. But, let's face it, there are countries that have worse problems than others and we need to examine just how money laundering is a problem. So, although this blog will point out individual countries, this is not meant to insult the peoples or civilizations of these lands, but merely to point out that, at least in this regard, these countries have some work to do.
ALBANIA.
Albania until the end of the 1980's was the home of the most tyrannical Communist government in Eastern Europe. When Communism fell apart, nothing was left to replace it and criminal organizations moved in (some were already present since, despite popular views to the contrary, criminal mafias grow and expand under Communism). The result was a disaster which led to the entire country being consumed by a massive Ponzi scheme (but that is for a later post).
As a result, 20 years on, the country still faces major problems. It is a money laundering hub with a weak financial system. As a result, the country is highly corrupt, rating a low scale from the independent organization Transparency International. Money laundering is helping to keep Albania a very poor country with unreliable banking systems.
Here is a little link to the crisis of the 90's:http://www.tinbergen.nl/uvatin/99045.pdf
Have a great and fraud-free day.
http://www.tauskvega.com
-------------->>>>>>>>>>>>>>>gene
ALBANIA.
Albania until the end of the 1980's was the home of the most tyrannical Communist government in Eastern Europe. When Communism fell apart, nothing was left to replace it and criminal organizations moved in (some were already present since, despite popular views to the contrary, criminal mafias grow and expand under Communism). The result was a disaster which led to the entire country being consumed by a massive Ponzi scheme (but that is for a later post).
As a result, 20 years on, the country still faces major problems. It is a money laundering hub with a weak financial system. As a result, the country is highly corrupt, rating a low scale from the independent organization Transparency International. Money laundering is helping to keep Albania a very poor country with unreliable banking systems.
Here is a little link to the crisis of the 90's:http://www.tinbergen.nl/uvatin/99045.pdf
Have a great and fraud-free day.
http://www.tauskvega.com
-------------->>>>>>>>>>>>>>>gene
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