CIA's Global Drugs Trafficking
CIA's longstanding drugs trafficking connection way precedes its secret 1982 "memorandum of understanding" with the Justice Department - what Director William J. Casey arranged with Attorney General William French Smith, Sporkin, of course, Casey's General Counsel, so he had to know and be involved.
In his books, including Cocaine Politics and Drugs, Oil and War, as well as other writings, Peter Dale Scott has provided detailed information on the CIA-drugs connection, one article stating:
"Since at least 1950 there has been a global CIA-drug connection operating more or less continuously," relating to numerous "deep events" like JFK's assassination, the 1964 Gulf of Tonkin incident, Iran-Contra, and CIA's involvement with the mob, using it for "supportive counterviolence....where Communist forces have appeared strong."
"The global drug connection is not just a lateral connection between CIA field operatives and their drug-trafficking contacts. It is more significantly a global financial complex of hot money uniting prominent business, financial and government as well as underworld figures," a sort of "indirect empire (subverting) existing government," Iran-Contra one of many examples.
During Sporkin's CIA tenure, it was the covert CIA operation, involving illegal arms sales to Iran and drugs trafficking to fund the Nicaraguan Contras, the Agency and Reagan administration repeatedly disrupting official investigations until political scandal erupted in late 1986, exposing what, in fact, went on, but not enough to curtail what CIA continues to this day globally. Nor did it imprison its operatives, Bill Breeden, a former minister, the only figure incarcerated - not Ronald Reagan, GHW Bush, William French Smith, John Negroponte, Elliott Abrams, John Poindexter, Oliver North, Stanley Sporkin, or others. William J. Casey died in 1987.
In 2003, the IMF estimated global money laundering at between $590 billion - $1.5 trillion a year, much of it linked to drugs trafficking, $500 billion alone from the elicit (US-controlled) Afghanistan opium trade (plus tens of millions more from hashish), most of it laundered through US and European banks, mainly the largest, but others as well worldwide, perhaps including Australia's Nugen Hand Bank.