Bermuda Triangle Theory
Money Laundering and Financial Crimes
Thailand (Primary). Thailand's location makes it a major risk for money laundering, as it is a transit country for Southeast Asian narcotics. Northern Thailand forms part of the Golden Triangle with Burma and Laos. Although Thailand has taken significant steps towards reducing the production of illicit narcotics, its still serves as a major narcotics trafficking route for the Golden Triangle, because of its good transportation infrastructure and international connections. Thailand's banking system is used by drug traffickers to hide and move their proceeds. The underground banking system is also widely in use as a money laundering method. Money is transported in bulk from the United States to other Asian countries, and ultimately moved to Thailand. Gambling dens and underground lotteries account for a significant portion of Thailand's underground economy and are attractive mechanisms for money laundering ... [Read More]
US Department Of State Post Report
Cartman, Rev. James. Hinduism in Ceylon. Colombo: M.D. Gunasena, 1957. A general introduction to the theory and practice of Hinduism as found in Sri Lanka. ... The Cultural Triangle of Sri Lanka's ancient cities is also worth seeing. Sigiriya (3 « ... Kandy, the southern point of the cultural triangle, is the site of the Temple of the Tooth ... [Read More]
Money Laundering and Financial Crimes
Thailand (Primary). Thailand's role as a transit country for Southeast Asian narcotics makes it a prime target for money launderers. Thailand's geography and economy are factors that help account for this role. Northern Thailand forms part of the Golden Triangle with Burma and Laos. Although Thailand has made significant strides in reducing the production of illicit narcotics, it still serves as a major narcotics trafficking route from the Golden Triangle because of its good transportation infrastructure and international connections. Thailand's sizable Chinese minority population maintains economic and cultural ties to China, Singapore, Hong Kong, and to Chinese communities in other Southeast Asian countries. This community is a particularly intensive user of the alternative remittance systems (ARS), which facilitates the transfer and laundering of criminal proceeds from narcotics consuming countries such as the United States to producer countries such as Burma and Laos. Corrup ... [Read More]
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