He added that El Chapo's arrest and tighter restrictions on cash transactions had led to a notable contraction in the past year, though he expected this to ease once the cartel had found new creative ways of laundering its money.
Agriculture and the tourism industry have long been favoured routes for laundering money, he said, but he expected new construction projects would become the preferred way to clean dirty money.
The latest revelations emerged on the day directors of HSBC were facing a grilling by a committee of British parliamentarians over the bank's role in facilitating tax evasion and alleged money laundering.
Money transfer operators, which work like Western Union, but reach remote locations at a fraction of the cost, have come under scrutiny in the past few years for potentially laundering money or funding terrorism.
In May 2013, Barclays, the last major bank to provide remittance services to Somalia, announced plans to close the accounts of about 250 money transfer businesses, citing concerns about money laundering.
"The monitor also identifies areas where new compliance policies have not yet been implemented, including areas where the lack of due diligence currently exposes HSBC to serious money laundering and sanctions risks".
Over in Manchester, his father was inexplicably arrested as well, and charged with money laundering.
A director of the Caribbean American Bank has been convicted of laundering $3.4m-worth 3.4m-worthrofeeds.
Instead of relying exclusively on hard men, criminal outfits also needed foreign connections to import the drugs, distribution networks to sell them and a way of laundering the cash.Since then, Britain's organised crime scene has diversified sharply.
Yet these laudable activities conflict with another pressing goal: impeding money laundering.
On the other, determined professional gangsters, intent on fixing matches and laundering money.
