(1ST JET) DIRTY MONEY LAUNDERING: 38.5 BILLION TRACED IN SENEGAL

Shh is bleached!

"Money flows. But it's dirty money is not flowing, "had replied the president, Macky Sall, after the prayer of Tabaski in the Great Mosque of Dakar to critics of his regime who argued that since it is came to power, the money is not flowing in Senegal. This output President Macky Sall is the problem of laundering dirty money. Defined as the process of concealing the origin of fraudulent income born illicit activities, then give them a semblance of legality, the laundering of dirty money is disturbing magnitudes Senegal. In 2011 alone, the ratio of the cell processing financial information (FIU) has reported 38 billion 500 million CFA francs traced to Senegal. This represents 10% of the budget of Senegal. A situation that has led the new regime of President Macky Sall to go to war against the "bleachers." In this case, The Observer is a focus on money: types, circuits, statistics, profiles and legal provisions against money laundering.

What is money laundering?Blanching means, by analogy with the machine, make it clean. In terms of financial crime is to clean from dirt and any impurity dirty money from illicit activities. In this area, it is customary to think of drug trafficking whenever we talk of money-laundering scheme. Is that most of the money laundered from illicit drug trafficking. However, it is wrong to reduce the money only to illegal drug activities. In fact, the phenomenon of money laundering is the culmination of various illegal activities underlying known under the name of transnational organized crime (Cto). Among those are:-The illicit drug trafficking, also called narcotics, it refers to all illegal activities related to psychotropic substances regulated by the United Nations Conventions of 1961, 1971 and 1988. It was estimated in 1995 to us $ 400 billion per year are generated by illicit drug trafficking, which is double the global turnover of the pharmaceutical industry, six times the total amount of official aid to poor countries and the third largest trade in the world after oil and food.-Corruption: the perversion or misuse of a process with a view to the briber to obtain benefits or special privileges, or the corrupt get a reward in exchange for his kindness. It can affect any person with a decision-making power: politician, official, business executive, doctor, trade union, etc..According to the World Bank, in 2001 and 2002, 1,000 billion Us dollars allegedly embezzled jars of wine. For the Agency Standard and Poor's, investors have 50 to 100% chance of losing their entire investment within five years in countries with high levels of corruption.Counterfeiting: the violation of intellectual property rights in that reproduce or imitate something without having the right or with the assumption that the copy is authentic.The MDGs estimated that counterfeiting has increased from 5.5 billion Us dollars in 1982 to over $ 500 billion in 2005, equivalent to 7% of world tradeSmuggling of drugs: drug trafficking is an international phenomenon that continues to grow. The market would weigh us $ 75 billion and would be more lucrative than drugs.Arms trafficking: estimated between 200 and 300 million Us dollars per year, illicit arms trafficking equals 20% of legitimate trade. Africa is the most profitable to smuggle weapons market. Trafficking in species of fauna and flora in process: international wildlife trafficking accounts for 15 billion euros in annual sales. Currently, 5000 species account for 15 billion euros in annual sales. Currently, 5,000 animal species and 28 plant species are listed in the appendices.Customs fraud: it allows to evade the payment of duties and taxes applicable in a State to circumvent prohibition. Customs fraud is defined broadly and covers various areas, sometimes supported by other more specific agreements: under-invoicing, billing, false declarations of origin, quantity, diversion of goods their preferred destination, trafficking of stolen vehicles, smuggling of alcohol, cigarettes, weapons, illicit drugs, electronic crime, intellectual property, species of flora and fauna in the process of extinction.