Midweek Roundup: Report Claims Most Drug Money Laundered in Western Banks, Treasury Blacklists Syndicate Leaders, and More

Investigations into the bank accounts and property of ex-Egyptian President Hosni Mubarak and his family members reveal that his two sons engaged in money laundering and corrupt practices, Egypt Independent reported Wednesday. Alaa and Gamal Mubarak allegedly used their father's position to secure hundreds of millions in cash and luxury cars, and each son is suspected of sending millions of dollars to offshore companies. Mubarak's combined family assets are believed to be over $500 million. More Over 97 percent of worldwide drug proceeds are laundered in banks in Europe and the United States, according to a new study, the Guardian...