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The , together with Wall Street, is the world’s biggest “launderette” of drug trafficking’s dirty money. It’s in , or in British branches or foreign … - Roberto Saviano
" "The , together with Wall Street, is the world’s biggest “launderette” of drug trafficking’s dirty money. It’s in , or in British branches or foreign banks, that criminal money gets laundered. And banks, in turn, are profiting by moving around and investing these huge amounts of liquid assets. Liquidity is what they’re after, especially in times of crisis. And liquidity is what criminal organisations have. All banks need to do is to lower their monitoring standards, their anti-laundering standards, and the job is done. The scandals concerning the relationship between banks and drug trafficking that emerged in the past few years are a proof of this. The case is an example. Europe’s first credit institute in terms of market capitalisation, one of the biggest banking groups in the world, has laundered drug money. ... Most of the world’s money laundering would not exist without the support of banks, who, in order to hide their account holders’ and investors’ identity, exploit the scheme: shell companies controlled by in turn by other shall companies based offshore, run by legal firms through trusts, in an infinite series of steps that make it impossible to track down the true account holder.
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About Roberto Saviano
(Italian: [roˈbɛrto saˈvjaːno]; Naples, September 22, 1979) is an Italian journalist, writer and essayist.
Also Known As
Alternative Names:
R. Saviano
•
Saviano, Roberto
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Additional quotes by Roberto Saviano
A very interesting report on the London property market as a refuge for secret assets and dirty money – published in March 2015 by Transparency UK – spoke of money coming from corruption or corrupt individuals, without ever mentioning the word “”; nor did it ever mention “organised crime”. The reason is simple: with the exception of a few very rare cases, in the UK the mafia is not something that you can see or hear. There aren’t dead bodies on the streets, or shootings. In Mexico or in Italy, between corpses, blood and drug seizures it’s impossible to think that the Mafia doesn’t exist. In Italy and in Mexico Mafia is loud and it smells of blood. In London, as in Paris, it exists, but it’s quiet, it acts in the dark. And most of all it doesn’t have the pungent smell of blood, but the reassuring smell of money. It’s not true that money doesn’t smell, it does smell indeed, but you definitely can’t rely on your sense of smell to identify criminal money.
If we were to ask which country is the most corrupt in the world, the first answer to come to mind would be dictated by the perceived level of corruption. Perhaps one might think of Mexico, of South American countries, of African countries, of the Middle East or Italy. But the most corrupt is the UK. It’s not a type of a corruption that concerns civil servants, policemen or mayors; it’s a type of a corruption that is consubstantial to economic system. The British economic system feeds itself on corruption. And in the midst of this, the and its citizens have not woken up to the plight that their country is going through. A plight greater than earthquakes, greater than terror attacks.
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