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March 5 - Investigative Reporter Douglas Gillison on Money Laundering

Money laundering, it's a trillion dollar -- yes that's trillion with a T -- a trillion dollar business these days.  Who can do illegal business on such a scale?  Only the biggest banks, and on HERE AND THERE, investigative reporter Douglas Gillison of the news website 100 Reporters, at100r.org, told KSFR's Dave Marash that drug money characteristically flows from the street to smaller and then to bigger banks in chunks that should, but don't always, cause bankers to notify law enforcement. Gillison says so far, big bank money laundering has drawn big fines but few prosecutions, and no prosecutions yet of a big-time banker.  For the At Noon excerpt of this interview, Click Here. For a full podcast of this episode of HERE AND THERE, Click Here