
Money Laundering
Bashar has a reported net worth of $550 million, but Syria is notorious for corruption and money laundering.
Before he came to power it was estimated that $2 billion per year was laundered through Syrian banks. The corruption was exposed in 2003 when the Lebanese Al-Madina bank collapsed.
It was shown that the bank was used to launder kick back money from the illegal gaming of the UN’s oil-for-food program. An estimated $1 billion was laundered through the banks with 25 percent going to Syrian officials. Among the recipients was al-Assad's brother Maher.
That sort of corruption remains prevalent in Syria.
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