
The drug trafficking ties between Colombia and Mexico go back decades, to when Colombian cartels started supplying Mexican drug runners with cocaine in the late 1970s. Those ties have since strengthened, and the recent discovery of a money laundering network between the two countries’ more powerful cartels is evidence of this.
by Sylvia Longmire14 Dec 2015, 7:10 AM PST0

One of the biggest blows to the Los Zetas drug cartel was dealt when a money laundering empire involving horse racing in Texas was dismantled in 2012. A drug smuggler now testifying in that case in San Antonio told the jury that horse racing was part of the trafficking culture, and Los Zetas leaders had been heavily involved in the sport well before the laundering scheme’s ringleaders were arrested.
by Sylvia Longmire3 Dec 2015, 10:42 AM PST0

LONDON (Reuters) – Britain’s “woefully inadequate” anti-money laundering system has left the country wide open to corrupt money and terrorism funds and needs radical overhaul, a leading anti-corruption group said on Monday. Each year billions of pounds of dirty money
by Reuters23 Nov 2015, 1:11 AM PST0

A Shelby County, Tennessee, high school teacher has resigned after police accused him of running a sex club as well as other offenses.
by Warner Todd Huston16 Nov 2015, 6:28 PM PST0

MCALLEN, Texas — The wife of a top Tamaulipas politician remains in U.S. federal custody as she awaits to go to trial after the FBI arrested her on money laundering charges.
by Ildefonso Ortiz16 Nov 2015, 6:56 AM PST0

Sheriff’s deputies from Nacogdoches county, Texas, made a traffic stop and found over $1 million in cash that they determined belonged to a Mexican drug cartel. The incident occurred nearly 500 miles from the U.S.-Mexico border.
by Sylvia Longmire13 Nov 2015, 7:50 AM PST0

Authorities raided an underground casino near the Texas border that had been concealed in a private home in a quiet neighborhood. The raid is part of the ongoing Operation Bishop which as previously reported by Breitbart Texas is an effort by law enforcement to kick out underground casinos. These casinos are not only a magnet for criminal activity, but have also been used as a way to launder money by Mexican cartels operating in the U.S.
by Ildefonso Ortiz22 Oct 2015, 5:46 AM PST0

On October 7, the US Justice Department released a statement saying that one of Honduras’ most powerful businessmen and two of his family members have been indicted for allegedly laundering money for drug traffickers. Seven businesses were also labeled “specially designated narcotics traffickers” under the Kingpin Act.
by Sylvia Longmire13 Oct 2015, 7:03 AM PST0

Court documents filed in federal court claim that a suspected drug traffickers linked to Mexico’s Sinaloa Cartel used a Middle Eastern honor system to launder drug proceeds. Known as a Hawala, members of the conspiracy would be hired by cartel members in Canada and Mexico to move drug proceeds through the honor system that does not leave a paper trail as couriers move the money between countries.
by Ildefonso Ortiz3 Oct 2015, 6:51 AM PST0

The owner of a Worcester, MA, convenience store has been arrested and charged with allegedly running a $3.6 million food stamp fraud scheme since 2010.
by Warner Todd Huston30 Sep 2015, 9:04 PM PST0

China’s official foreign capital flight was $300 billion for the year ending June 2015, and it could reach $1 trillion–assuming the People’s Bank of China is even providing reliable numbers.
by Chriss W. Street14 Aug 2015, 6:58 AM PST0

Over $10 Billion in illicit funds are laundered into the U.S. per year, according to a report in the Financial Times. As Breitbart Texas previously reported, the U.S. government recently enacted tough controls on banking institutions in an effort to stem the flow of Mexican cartels’ narco-profits through U.S. banks. Several large U.S.-based banking institutions recently began closing down branches near the U.S.-Mexico border in efforts to comply with the restrictions.
by Brandon Darby15 Jun 2015, 1:14 PM PST0

As more money continues to flow into the pockets of Mexican drug cartels, traffickers need to maintain a solid network of places—often along the southwest border—where they can launder drug money. However, in an attempt to stymie these efforts, several major US banks have been closing numerous branches in the region and shutting down hundreds of customer accounts.
by Sylvia Longmire30 May 2015, 4:39 AM PST0

Just days after the U.S. Department of Treasury publicly outed a suspected Gulf Cartel money laundering and drug trafficking network active in both Mexico and Texas, Mexican authorities captured one of its main members.
by Ildefonso Ortiz27 May 2015, 10:00 AM PST0

US Immigration and Customs Enforcement announced on April 21 they were targeting 700 businesses in the Miami, FL area for “enhanced scrutiny” in order to detect activity by Latin American criminal organizations related to trade-based money laundering.
by Sylvia Longmire24 Apr 2015, 10:17 AM PST0

Ayyan Ali, a top supermodel in Pakistan, has been charged with money laundering after she was caught with more than half a million dollars in her possession at Islamabad airport.
by Kelli Serio5 Apr 2015, 6:50 AM PST0

World banking giant, HSBC, got caught with its hand in a money laundering scheme that helped drug cartels turn nearly a billion dollars in narco-cash into gold. HSBC only faced a fine for their complicity, but members of money-laundering organizations (MLO) are now facing up to twenty years.
by Bob Price20 Feb 2015, 9:01 AM PST0

The Senate Judiciary Committee has delayed consideration of Loretta Lynch to replace Eric Holder as Attorney General. Committee member Sen. David Vitter says he wants to dig into Lynch’s role in the federal prosecution of HSBC in 2012.
by Matthew Boyle12 Feb 2015, 3:31 PM PST0

DONNA, Texas – The president of the Donna Independent School District (ISD), Albert Sandoval, hired a convicted felon to be general counsel for the district and agreed to pay him $300,000 per year in retainer fees plus $225 per hour
by Bob Price11 Feb 2015, 12:57 PM PST0

DONNA, Texas — In a city that has become a model of border-area corruption, Breitbart Texas has discovered that the legal counsel for the school board in Donna, Texas is apparently a convicted felon who spent time in federal prison on money laundering charges tied to drug trafficking and lost his license to practice law for several years.
by Ildefonso Ortiz4 Feb 2015, 10:14 AM PST0

A top Los Zeta cartel associate in Texas who is serving a 20-year sentence for money laundering will now serve an additional five years in prison for trying to bribe a judge in Texas.
by Ildefonso Ortiz3 Feb 2015, 9:48 AM PST0

Mexican drug cartels, along with an untold number of global criminal and terrorist organizations, launder billions of dollars every year through banks and money service businesses. In order to curb this cartel activity, the Mexican government has severely limited the amount of American dollars that can be deposited into numbered accounts. A side effect of this policy, however, has been that Mexicans and travelers who pass through the country’s airports can quickly and easily profit from buying U.S. dollars at a loss, then selling them a few feet away for pesos at a roughly 3 percent profit.
by Sylvia Longmire2 Feb 2015, 3:25 AM PST0

The man identified as one of the Gulf Cartel’s top money men on the Texas side of the border will spend 14 years in federal prison.
by Ildefonso Ortiz28 Jan 2015, 9:57 AM PST0