Today, it is estimated that in excess of US$14 trillion in deposited funds are held in offshore financial institutions, such as Panama, Luxembourg, and other offshore tax havens with reputations for being popular banking centers. The original sources for these funds have been laundered through various mechanized schemes. This is exacerbated by the fact that the world has evolved into a electronically connected transnational global network consisting of business and social links equivalent to a vastly unregulated electronic underground.

In the 1980s, The Black Market Peso Exchange was developed in Colombia as a result of the illicit [Page 31]drug trade, as a way to conceal monies and avoid detection by government officials. The Black Market Peso Exchange offers a full range of economic opportunities to engage ...