The crisis and new technologies have made it easier for criminals to launder money despite the current EU directives in place and the best efforts of law enforcement agencies. The Parliament's special committee on organised crime held a public hearing on 12 November to discuss with experts what can be done.
The scope of the problem
Money laundering accounted for 2.7% of the world's gross domestic product in 2009, which equals about $1,600 billion.
Criminals launder their ill-gotten gains in many different ways. For example, it can be through using fictitious transactions, creating false gambling winnings or by taking advantage of online banking services.
See full Article: http://www.europarl.europa.eu/news/en/headlines/content/20121109STO55249/html/How-to-clean-up-the-dirty-business-of-money-laundering
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