Money Laundering and its Perspective in Latin America and the Caribbean, Legal Consideration

Abstract

One of the main methods to hide assets obtained by organized crime worldwide is the practice known as money laundering, where money obtained through drug trafficking, human trafficking, illegal arms trafficking, among others, is laundered through legal commercial activities. so that the trace of how it was initially obtained is lost. This crime is very common in the countries of Latin America and the Caribbean, which is why the governments of each of them have sought for decades to detect the initial flow in order to capture both organized crime and illegal circulating. This article makes an exhaustive analysis, both at a legal and commercial level, of this practice, how it affects the economy of the countries involved, what repercussions it entails for those involved in said practice.