{"id":23451,"date":"2012-06-03T04:10:24","date_gmt":"2012-06-03T04:10:24","guid":{"rendered":"http:\/\/rafaelfajardo.com\/portfolio\/western-banks-reaping-billions-from-colombian\/"},"modified":"2012-06-03T04:10:24","modified_gmt":"2012-06-03T04:10:24","slug":"western-banks-reaping-billions-from-colombian","status":"publish","type":"post","link":"https:\/\/rafaelfajardo.com\/portfolio\/western-banks-reaping-billions-from-colombian\/","title":{"rendered":"Western banks &#8216;reaping billions from Colombian cocaine trade&#8217; | World news | The Observer"},"content":{"rendered":"<p><a href='http:\/\/www.guardian.co.uk\/world\/2012\/jun\/02\/western-banks-colombian-cocaine-trade?newsfeed=true'>Western banks &#8216;reaping billions from Colombian cocaine trade&#8217; | World news | The Observer<\/a><\/p>\n<div class=\"link_description\">\n<p><a href=\"http:\/\/towerofsleep.tumblr.com\/post\/24293066456\/western-banks-reaping-billions-from-colombian-cocaine\" class=\"tumblr_blog\">towerofsleep<\/a>:<\/p>\n<blockquote>\n<p><a class=\"tumblr_blog\" href=\"http:\/\/rematerializationchamber.tumblr.com\/post\/24293066456\">rematerializationchamber<\/a>:<\/p>\n<blockquote>\n<p>The vast profits made from drug production and trafficking are overwhelmingly reaped in rich \u201cconsuming\u201d countries \u2013 principally across Europe and in the US \u2013 rather than war-torn \u201cproducing\u201d nations such as Colombia and Mexico, new research has revealed. And its authors claim that financial regulators in the west are reluctant to go after western banks in pursuit of the massive amount of drug money being laundered through their systems.<\/p>\n<p>The most far-reaching and detailed analysis to date of the drug economy in any country \u2013 in this case, Colombia \u2013 shows that 2.6% of the total street value of cocaine produced remains within the country, while a staggering 97.4% of profits are reaped by criminal syndicates, and laundered by banks, in first-world consuming countries.<\/p>\n<\/blockquote>\n<p>Ugh.<\/p>\n<\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Western banks &#8216;reaping billions from Colombian cocaine trade&#8217; | World news | The Observer towerofsleep: rematerializationchamber: The vast profits made from drug production and trafficking are overwhelmingly reaped in rich \u201cconsuming\u201d countries \u2013 principally across Europe and in the US \u2013 rather than war-torn \u201cproducing\u201d nations such as Colombia and Mexico, new research has revealed. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"link","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[10],"tags":[],"class_list":["post-23451","post","type-post","status-publish","format-link","hentry","category-words","post_format-post-format-link"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6PWot-66f","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts\/23451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/comments?post=23451"}],"version-history":[{"count":0,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts\/23451\/revisions"}],"wp:attachment":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/media?parent=23451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/categories?post=23451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/tags?post=23451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}