Money Laundering in Africa

The United Nations Economic Commission for Africa (UN-ECA) reported in a study that Africa is losing up to $60 Billion annually to money laundering activities.

Over 39 years, money laundering caused losses between $854 Billion and $1.8 Trillion to the African continent, according to reports.

Source:  “Africa Loses Some US$60 Billion Annually Through Money Laundering,”Bernama, June 15, 2012.