$14 billion of money was laundered in Central America over the last decade, regional bank study shows

Some $14 billion on money was laundered in Central America from 2000 to 2009, Nestor Chavez, compliance officer for the Central American Bank for Economic Integration, said.

Chavez stressed that a study made clear that, while money laundering is generated through various crimes, drug trafficking is the activity that moves more money in Central America.

Topping the list of countries with the highest level of money laundering is Costa Rica, followed by Panama and Honduras, he added.

Original source: Inside Costa Rica