US: Fraud and money laundering up to 300 billion USD per year

(Baonghean.vn) - According to a report released by the Ministry of Finance on June 12, fraud and money laundering in the US cause the state to lose up to 300 billion USD each year. Of which, half of the amount comes from health insurance and tax fraud.

The US Treasury Department reports that common scams include falsifying tax returns and reports to buy health insurance for the poor or the elderly. Notably, the profits from these cases are often “at least twice as high” as those from drug trafficking.

In the report, the Treasury Department specifically noted that Internet fraud is increasing in scale and severity. Currently, the Treasury Department has not been able to estimate the damage caused by this type of fraud.

Every year the US "loses" 300 billion USD on fraud and money laundering activities.

In terms of drug trafficking alone, the profits from drug trafficking in the US are up to 64 billion USD in cash each year. Most of the drugs in the US originate from Mexico.

At the same time, on June 12, another report assessing the risk of terrorist financing was also released for the first time in the US. This report believes that the US government has encountered many difficulties in preventing terrorist organizations from using the US financial system to launder money.

Chu Thanh

(according to Le Monde)