Honduras: A money laundering heaven
About the article
This is a digitised version of an article from The Cayman Compass's print archive. Occasionally, the digitisation process introduces transcription errors, or other problems.
See the article in its original context from March 1997.
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"In Honduras it's easy to launder money, the system allows it," Edmundo Orellana told reporters. "It's permitted because there is no law in Honduras that obligates a Honduran to explain the origin of his wealth."
Honduran authorities estimate that 300 million in illegal drug profits is laundered through the country each year.
Money laundering is not classified as an offence in Honduras, although legislators have been working on a bill to outlaw it since last year.
