Dirty Business $XLF


Just finished reading a great piece on the NYTimes about the inner workings between the organized crime and financial institutions.

The United Nations estimated that $1.6 trillion was laundered globally in 2009, of which about $580 billion was related to drug trafficking and other forms of organized crime.

“Where The Mob Keep Its Money” covers thoroughly what has been and incestous but mutually-benefical relationship dating back to many decades -if not centuries, which has gained the spotlight after the attacks of September 11. No wonder why Legal & Compliance is one of the few areas in the sector that is actively hiring.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s