The Illusion of Enforcement: Money Laundering's Intractable Problem The Chief Justice of India, Surya Kant, recently made a startling statement at the 43rd International Symposium on Economic Crime in Cambridge.
He claimed that for every Rs 100 laundered, authorities and law enforcement agencies recover only Re 1. This staggering ratio underscores the insurmountable challenge posed by money laundering to governments worldwide.
The sheer scale of illicit financial flows is mind boggling. CJI Surya Kant observed that the amount of money laundered globally in a year could purchase every single person on earth a modest laptop.