He was just skimming the lion's share of the profits, $650 million, and putting it in numbered accounts in Luxembourg, Panama, and the Cayman Islands.
9 seconds sound clip from the Clear and Present Danger movie soundboard.
You can hear this line at 00:23:55.133 in the Blu-ray version of the movie.
Quote context
[...]
- Wife's birth month, daughter's day, son's year.
- Print me up that one, will you?
- My boy.
- Who?
- Well, it seems clear that he was laundering money for the Colombian drug cartels.
- Jesus! I knew the man for 40 years. We went to school together.
- We almost went into business together.
- Oh, man, the press is going to have a field day with this.
[...]