The bleachers

Money laundering accounts for 3% of global GDP ($3,000 billion). If it were a country, it would be the world's 8th largest, equivalent to the UK's GDP. 
The aim of this essay is to describe the mechanisms by which money is laundered, in particular the two main “schools” of fraud, namely financial flows and capital ownership. And to explore the demonetization of fraud, via the art market, real estate in London and the Alps, and the luxury watch market, which illustrate both the agility of fraudsters and the systematic lag of the authorities in the fight against fraud.
The author also aims to establish the link between fraud, money laundering and the plundering of populations. And between money laundering and the financing of terrorism. Money laundering only exists if the underlying crime that procured the capital to be laundered exists.
He points to the irresponsibility of po