Inside the crazy world of drug money-laundering
Posted on AllSides August 10th, 2024
From The Right
In ‘Rinsed: From Cartels to Crypto: How the Tech Industry Washes Money for the World’s Deadliest Crooks’ (Penguin Business), Geoff White asks: what would you do with sudden wealth if it came from a source you couldn’t admit to. “You’re faced with an excruciating dilemma,” he writes. “How do you enjoy your huge amounts of cash, but hide its origins?” The answer is money laundering and in ‘Rinsed’, White reveals how the symbiotic relationship between technology and laundering keeps criminals one step ahead of capture. “Technologists have a conspicuous habit...