Antonio Maria Costa, executive director of the United Nations Office on Drugs and Crime, said that until the onset of the financial crisis in 2008, the banking system "has been very active and clean," forcing organized crime to return to cash transactions.
"That was basically the situation until the financial crisis, which started as a liquidity problem, an unwillingness of banks to (engage in) inter-banking transactions," Costa said. "So you have on the one hand a supply, resources, cash from organized crime and you have banks very (that are) illiquid and striving for cash. Well, that is really license for organized crime to penetrate into the financial system."
In her trips to El Salvador and Mexico, Secretary of State Hillary Clinton has made it clear that the United States will work together with other countries to fight drug trafficking and organized crime and the violence they spread.
