Posted in: Global Business

Risks In International Enterprise

Within the 10 years I have been in the customized attire and hat put on business, I can’t remember how many individuals referred to as asking for assist in starting their hat put on line. It’s in this disregard for normal business practices that results in another area of concern – economic distortion. Launderers usually invest their money in property or actions that are not economically useful to the international locations the place the funds are situated. For example, proper now, in a world the place real property costs have dropped sharply in the last few years because of the mortgage bubble bursting and other international pressures, property prices in Nairobi, Kenya are soaring – growing 2-three occasions in the last 5 years. And is it any marvel? With lax money laundering laws and a 500-mile shared border with Somalia, it is straightforward to guess the place a lot of the Somali piracy ransom cash has gone. This has taken house ownership right out of the fingers of many hard-working Kenyans.

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