From Reuters Africa:
LONDON (Reuters) - Tens of millions of dollars extorted from ship owners by Somali pirates are immune from interception and seizure because they are pouring into the economy of a nation with no effective government or policing.
International crime gangs normally have to "launder" their proceeds through the financial system to make them appear like legitimate funds, thereby creating a money trail that can make them vulnerable to detection.
Read more ....
LONDON (Reuters) - Tens of millions of dollars extorted from ship owners by Somali pirates are immune from interception and seizure because they are pouring into the economy of a nation with no effective government or policing.
International crime gangs normally have to "launder" their proceeds through the financial system to make them appear like legitimate funds, thereby creating a money trail that can make them vulnerable to detection.
Read more ....