‘Money laundering’ is a phrase that refers to the clandestine movement of money across country borders for nefarious purposes. ‘Dirty money’ transactions are not new, however, the sheer magnitude of it today is a cause of great concern for nations – it’s estimated that almost 5% of global GDP, or $3 trillion, is moved around by criminals every year!
No wonder, then, that governments across the world are taking extraordinary measures to control misuse of national wealth, and one of the key war strategies is moving towards a cashless market. Read the whole story in this infographic.
Infographic by – Texas Precious Metals LLC