CASH SMUGGLERS PROBE WEAKNESSES IN INTERNATIONAL TRADING SYSTEM TO LAUNDER CRIME PROCEEDS
May 26th, 2022
Bulk cash smuggling remains a favoured way for criminals to move dirty money, despite the increase in electronic means to transfer the proceeds of crime, such as new cryptocurrency services.
In its most recent 2020 National Drug Threat Assessment, the US Drug Enforcement Agency (DEA) said in 2019, there were more than 3,000 bulk currency seizures in the United States, with more than USD368 million taken, 62% up from the USD227 million seized in 2018 (although that followed eight years when the value of bulk cash seizures fell). The number of seizures in 2019 ...
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