Examples of Bulk Cash Smuggling

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Several of the readers have made inquires about the blog on Bulk Cash Smuggling. I have attached below several actual photographs of bulk cash smuggling incidents.  Obviously, I have an obligation to not write about or show anything that could be considered an impediment to law enforcement’s efforts.  Enjoy, be amazed, but don’t try this at home…. Hidden compartment located …

How to Spot Bulk Cash Smuggling

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I was recently invited to do a podcast interview with BankInfoSecurity.com where we discussed the latest AML trends – including bulk cash smuggling. I also wrote a guest blog for BankInfoSecurity.com’s series “The Expert’s View” entitled How to Spot Bulk Cash Smuggling.

Black Market Peso Exchange

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A very recent attempt at the very slick Black Market Peso Exchange method of laundering shows just how a company can be used to launder drug proceeds.

Come on Baby, Light My Fire

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A federal grand jury in Louisville, KY indicted a former fire chief on charges that he embezzled and laundered $218,000 dollars earmarked for the Crusade for Children and embezzled $97,000 from the McMahan Fire District. Remember, fraud and money laundering are almost always joined at the hip.

Vatican bank charged with money laundering

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The Bank of the Vatican has been accused of laundering $200 million USD by proxy through an Italian creditor.     –  I am really so happy that I do not have to investigate this.  All those years of Catholic school would come back to haunt me.  I can just picture Sister Mary Theresa slapping my hands with a yard …

FinCEN updates 314

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FinCEN is issuing this final rule to amend the relevant Bank Secrecy Act (“BSA”) information sharing rules to allow certain foreign law enforcement agencies, and State and local law enforcement agencies, to submit requests for information to financial institutions.

Kevin Sullivan interviewed on CNBC

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I was recently asked to appear on the CNBC show, “Street Signs” with host Erin Burnett to discuss money laundering.  The previous day there had been some headlines about PEP’s smuggling large sums of money into this country so the conversation moved towards discussing the methods of bulk cash smuggling. I was a little offended when they did not provide …

Classic example of a PEP

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The former Guatemalan president is charged with money laundering in the U.S. Now you know why private banking and PEP’s are so important to pay attention to. Read this report from CNN: http://www.cnn.com/2010/CRIME/01/25/guatemala.ex.president/?hpt=Sbin

Bulk Cash Smuggling

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Here’s a link to a great article from the NY Times, 12/25/09, about bulk cash smuggling along the US – Mexico border.