Submitted by Eleven on Sat, 03/18/2017 - 11:46
The Special Investigation Department has dealt with 56 out of 93 money-laundering cases under the National League for Democracy government, according to the Ministry of Home Affairs.
State-owned newspapers reported that the department stepped up its efforts to investigate money laundering and suspicious transfers since last April. The department said it had investigated 52 out of 68 complaints and the remaining 16 cases were under investigation.
From 2006 to 2015, the department took legal action in three cases and seized Ks23 billion, according to the Financial Intelligence Unit.
From 1962 to 2013, illegal money exchanges reached US$100 billion, according to the Washington-based Global Financial Integrity in 2015.