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: Loan Modification & Home Loan News

Laundered Drug Money Saved Many Banks Says UN Crime Chief

By Moe Bedard

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Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations‘ drugs and crime tsar has told the Observer. Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were “the only liquid [...]

Full post as published by Loan Modification & Home Loan News on December 14, 2009 (boomark / email).

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