A Cartel and a Briefcase: How Drug Cash Moves on a River of GoldBy
Laundering scheme used forged metal invoices, court files show
As banks beef up compliance, criminals hide money in trade
Mexican drug cartels operating in the U.S. have a problem: getting the profits home. Sometimes they try sending cash through banks, but that’s grown difficult as the government forces financial institutions to beef up anti-money-laundering efforts. So at least one international organization moved its money on a river of molten gold.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.