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Home > Main Library > Economy > Illegal Economy > Money Laundering > Money-laundering and drugs

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Money-laundering and drugs

Individual Documents

Title: Law and Money Laundering in Burma
Date of publication: December 2001
Description/subject: "Money laundering is the most significant economic phenomenon of organized crime. Containing the influence of organized crime requires the elimination of its livelihood, which in Burma is mainly the illicit drug trade. Under the rule of the military junta, Burma has become the world’s biggest producer of heroin and methamphetamines. Burma’s drug lords are now major investors in the country’s economy and have considerable cash reserves at their disposal. In many countries nowadays, tighter banking controls make it difficult for criminals to launder money for use in the legitimate economy. However, banking control in Burma is not very tight, legislation is ineffective, and the military junta is clearly benefiting from the drug trade. The Organization for Economic Cooperation and Development has added Burma to its blacklist of countries deemed uncooperative in fighting money laundering. As a result of this, the Burmese junta is currently in the process of drafting an “Illicit Proceeds and Property Control Law”..."
Author/creator: Peter Gutter
Language: English
Source/publisher: "Legal Issues on Burma Journal" No. 10 (Burma Lawyers' Council)
Alternate URLs: The original (and authoritative) version of this article may be found in http://www.ibiblio.org/obl/docs/Legal_Issues_on%20Burma_Journal_10.pdf
Date of entry/update: 03 June 2003

Title: Above it all
Date of publication: February 2001
Description/subject: "Burmese banks are thriving, even as the country’s economy suffers its worst slump in years. Their secret, say businessmen in the know, is the nexus of generals and drug lords..."
Author/creator: Maung Maung Oo
Language: English
Source/publisher: "The Irrawaddy", Vol. 9, No. 2
Date of entry/update: 03 June 2003