How Does Money Laundering Actually Work? A Comprehensive Expert Analysis

Money laundering is the third largest global industry, accounting for up to $4 billion annually and as much as 5 percent of the global economy.

It also stifles economic development, especially in the Global South, and contributes in a major way to growing social and economic inequality.

Yet the scourge is often ignored by both the press and given short shrift by the financial industry as well as government officials.

To learn all the dirty details of this dirty business and how it affects you, not to mention the entirety of civil society, watch this excellent video by Hue Dang, a world-renowned specialist on the topic.

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