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Reports of $4.2tr laundered in 2018

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5 years ago

June 29, 2019 Follow

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NEWS: Reports of $4.2tr laundered in 2018 [New Politics] » Naijacrawl

Photo: Naijacrawl

Report $4.

2tr laundered in 2018 4.2trillon as estimated was laundered across the world last year (2018)by the munch security conference (MSC).

It was launched in Nigeria yesterday (27 June) and it was witnessed by president Muhammad Buhari and his counter part.

The deputy head of policy and analysis of MSD, Julian voje said that illicit financial flows(IFFs)posed a double threat.

An estimated USD 1.7 to 4.2 trillion was laundered in 2018 alone across borders.

This money that can be used to fund vital state services such as health and law enforcement, instead it is being used for personal gain Preside Muhammad Buhari said that they would continue to count on the support of international partners for new technologies to effectively protect borders to fight illicit financial flows.

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