Saving money is what each citizen in America claims to try for. It’s in this disregard for regular enterprise practices that leads to one other area of concern – economic distortion. Launderers typically make investments their cash in assets or actions that are not economically helpful to the international locations the place the funds are positioned. For instance, right now, in a world where actual estate prices have dropped sharply in the last few years because of the mortgage bubble bursting and different international pressures, property prices in Nairobi, Kenya are hovering – growing 2-three instances in the final 5 years. And is it any surprise? With lax cash laundering legal guidelines and a 500-mile shared border with Somalia, it’s easy to guess the place a lot of the Somali piracy ransom money has gone. This has taken house ownership proper out of the arms of many hard-working Kenyans.

By EDONS