Somali Pirates Wallow In Cash, Leave No Bank Trail

From Reuters Africa:

LONDON (Reuters) - Tens of millions of dollars extorted from ship owners by Somali pirates are immune from interception and seizure because they are pouring into the economy of a nation with no effective government or policing.

International crime gangs normally have to "launder" their proceeds through the financial system to make them appear like legitimate funds, thereby creating a money trail that can make them vulnerable to detection.

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