How do you clean illegal money?
Money laundering typically involves three steps: The first involves introducing cash into the financial system by some means (“placement”); the second involves carrying out complex financial transactions to camouflage the illegal source of the cash (“layering”); and finally, acquiring wealth generated from the …
Which drug lord made the most money?
Why did you choose medicine?
“Studying medicine is a privilege, to me medicine is the ultimate career. But most importantly, a career in medicine empowers you to help people, to be respected by others and to feel job satisfaction in a way that is impossible to feel in many other careers.
What are the functions of cartel?
Cartel, association of independent firms or individuals for the purpose of exerting some form of restrictive or monopolistic influence on the production or sale of a commodity. The most common arrangements are aimed at regulating prices or output or dividing up markets.
How do drug cartels operate?
A drug cartel is any criminal organization with the intention of supplying drug trafficking operations. They range from loosely managed agreements among various drug traffickers to formalized commercial enterprises.
Where is El Chapo today?
Guzman is currently serving his sentence at the United States Penitentiary Maximum Facility, ADX Florence.
How did cartels start?
The fighting between rival drug cartels began in earnest after the 1989 arrest of Félix Gallardo, who ran the cocaine business in Mexico. There was a lull in the fighting during the late 1990s but the violence has steadily worsened since 2000.
Why do cartels form?
Cartels are created when a few large producers decide to co-operate with respect to aspects of their market. Once formed, cartels can fix prices for members, so that competition on price is avoided. Restricted output – members may agree to limit output onto the market, as with OPEC and its oil quotas.
What are the biggest cartels today?
As of 2017, the Sinaloa Cartel is the most active drug cartel involved in smuggling illicit drugs into the United States and trafficking them throughout the country.
How do cartels launder their money?
Drug traffickers do this by buying such easily sold items as clothes or electronics from a legitimate company in the U.S., and then selling the items on the other side of the border for pesos. The money is now effectively clean, and can be used for regular commerce.
How much money does El Chapo have?
El Chapo: $3 Billion.
Why did you want to become a doctor?
“My decision to become a doctor was driven largely by values instilled in me by my faith and my family. The idea of being a part of a profession focused on helping others regardless of circumstance, focused on facilitating people leading healthier and therefore happier lives … I can’t imagine a more fulfilling job.”
Who are drug traffickers?
Introduction. Drug trafficking is a global illicit trade involving the cultivation, manufacture, distribution and sale of substances which are subject to drug prohibition laws.
What are illegal drugs in the Philippines?
Two of the most used and valuable illegal drugs in the country are methamphetamine hydrochloride (known locally as shabu) and marijuana.
Where is medicine made?
These days, medicines come from a variety of sources. Many were developed from substances found in nature, and even today many are extracted from plants. Some medicines are made in labs by mixing together a number of chemicals. Others, like penicillin, are byproducts of organisms such as fungus.
What happened Chapos money?
El Chapo’s $12.6B fortune ordered forfeited: What to know about the multibillion-dollar drug empire. Infamous drug kingpin Joaquín Guzmán Loera — better known as as “El Chapo” — was sentenced to life in prison in New York on Wednesday. On Wednesday, Guzmán was ordered to forfeit that fortune, according to prosecutors.
How do I launder money?
Money laundering involves three basic steps to disguise the source of illegally earned money and make it usable: placement, in which the money is introduced into the financial system, usually by breaking it into many different deposits and investments; layering, in which the money is shuffled around to create distance …
How dangerous is Mexico?
Assault and theft make up the vast majority of crimes. While urban areas tend to have higher crime rates, as is typical in most countries, the United States–Mexico border has also been a problematic area. Mexico is Latin America’s most dangerous country for journalists according to the Global Criminality Index 2016.