Apr 19, 2011

Whack-a-mole drug war:Trade-Based Money Laundering in Mexico

Gees! The moles are getting smarter and smarter.


Shannon O'Neil is Douglas Dillon Fellow for Latin America Studies at the Council on Foreign Relations

Shannon K. O'Neil: Latin America's Moment » Blog Archive » Trade-Based Money Laundering in Mexico: "trade-based money laundering is likely where the real money is. Less understood and perhaps more pernicious, this includes the stereotypical restaurant that never seems to serve any customers, except for a few toughs at the back table, but “rakes in” profits. But it is much more than that. It can involve jewelry stores, textile factories, travel agencies, or car dealerships. Any type of trade across borders is a potential opportunity for nefarious transactions, buried among the billions of legal ones."

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