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2% Of World Gdp Laundered Through Banks

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BUSINESS STANDARD
Last Updated : Jan 28 2013 | 1:03 AM IST

According to the Bank of International Settlements (BIS), 2 to 2.5 per cent of the global GDP (gross domestic product) is laundered through the banking system annually. Of this, the drug trade accounts for around $400-500 billion, said S Ganesh, Reserve Bank of India

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First Published: Aug 28 2002 | 12:00 AM IST

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