The MexicoBlog of the CIP Americas Program chronicles and analyzes U.S. and Mexican news reports on the US-backed War on Drugs in Mexico and the struggle in Mexico to strengthen the rule of law, justice and protection of human rights. Relevant political developments in both countries are also covered.
Dec 19, 2011
Cartels use legitimate trade to launder money, U.S., Mexico say
latimes.com: "Faced with new restrictions on the use of U.S. cash in Mexico, drug cartels are using an ingenuous scheme to move their ill-gotten dollars south under the guise of legitimate cross-border commerce. U.S. and Mexican authorities say trade-based money-laundering may be the most clever — and hardest to detect — way in which traffickers are washing and distributing their billion-dollar profits." read more
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