Among the flaws the US State Department finds is that Spanish lawmakers have taken their time to incorporate new provisions in an anti-money laundering law that went into effect last year. Washington suggests that the government should focus more on confiscating properties and assets in criminal cases through civil forfeitures after defendants are convicted, and maintain and disseminate statistics on the number of drug and money laundering prosecutions. Despite the downturn in real estate, drug proceeds are still being used to purchase properties across the country. US authorities say that many air passengers smuggle bulks of cash to Latin America and, with the money they make in Spain … [Read more...] about The sun still shines in Europe’s money-laundering hub