The United Nations Office on Drugs and Crime had found evidence that “interbank loans were funded by money that originated from drug trade and other illegal activities,” Costa was quoted as saying. There were “signs that some banks were rescued in that way.”
Now enter the AP reporting on the exact same issue.
The global financial crisis is making it easier for organized crime groups to launder profits from narcotics, human trafficking and other illegal activities, the U.N.’s anti-corruption chief said Thursday
The AP story says nothing about saving banks, merely that bank managers probably “were aware that what they were doing was wrong.”