Duration 25:20

The Launderer On the trail of the Italian mafia's dirty money | Part 3 | People & Power Documentary

by Al Jazeera English

17 726 watched

344

Published 9 Aug 2023

Watch Part 1: /watch/Al_yqT6aXILay Watch Part 2: /watch/wXgpLz9AFQRAp Every year, the multibillion-dollar proceeds of organised crime are pumped into the global economy - a torrent of dirty cash that is laundered through the banking system to disguise its origins. So how is it done? And how does it remain undetected? Eager to find out, two journalists began to investigate the business dealings of a man allegedly involved in hiding the vast profits of the 'Ndrangheta, a branch of the Italian Mafia. But as this extraordinary three-part People & Power report reveals, little in this complex and secretive world is quite what it seems. This is part 3 of a 3-part series. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Thumbnail artwork: Midjourney AI #investigation #docuseries #documentary #moneylaunderingcase #mafia #italy #Aljazeeraenglish #news

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Comments - 23

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@aljazeeraenglish9 months ago Thank you for tuning in. You've just watched the second episode of our three-part series, 'The Launderer?'.
Watch Part 1:
Watch Part 2:
Share what you think in the comments below. Here's the playlist link to People & Power's weekly investigative documentaries that look at the use and abuse of power: ... 5
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@samudrajitgohain31389 months ago Layering is the name in Finance jargon to hide the origin and ultimate beneficiary in money laundering activity . After watching all 3 episodes, all I can say is that 'layering' is near perfection. 8
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@lamialhdigi78866 months ago Part 2 has been removed by YouTube … I wonder why. 4
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@thealternativecontrarian99369 months ago Glad I'm not the only person who is having a hard time following this documentary. 5
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@kumarj46939 months ago Money laundering is a very complicated business. If it was easy, everyone would be doing it.
That said, what Recordare provided, was a paper trail that legitimized money transfers using funds acquired spuriously, that could then be sent elsewhere as clean money using the reason that the transaction it was sent for was cancelled. Costs money to move money, but better to lose 10-30% of your money to move physical money into digital clean money than to lose all of it to some perennially tax hungry government. ... 5
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@stighelmer12653 weeks ago One thing they dont mention is that the name White Spiritual Boy also shows up in a documentary about some Indonesian scammers caller Swissindo a few years ago. And they dont really seem connected to the Italian mafia either. What a weird story. ...
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@liamnorth5559 months ago Watched all 3 parts and still haven't a clue what's going on. One thing that makes zero sense though is why would anyone speak publicly about such shady business, even the so called anonymous people could be traced if the right (or wrong) people wanted to...very strange. ... 9
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@hashimkimwaga18649 months ago Thats why money laundering is hard to trace, very complex to trace and understand 2
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@LimbovitschHaim4Mir4 months ago & - the typical scammers !
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@JG-hy8kv8 months ago more mafia news please
thank u
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@kondjeni_129 months ago Out of the global economy back into the global economy. 1
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@dfarm14579 months ago Fictitious account, use to seal real contract only for the fund not to be provided as the Swift transfers are fake. But then the contract are then used somewhere else to move funds. Nice play.
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@atiq97548 months ago anyone thinking that mafia might have sponsored this doc to discourage any agencies from following and understanding their way coz the story is harder than ukrain counter offensive to understand 1