LACK OF FUNDING HINDERS US MONEY SMUGGLNG DETECTION RESEARCH
May 1st, 2012
BY PACIFICA GODDARD
DESPITE the US government's great need for new tactics to combat cartel-related money laundering activities, recent budget cuts are limiting the potential development of highly useful tools in this fight - including a bulk currency detector able to sense large quantities of money hidden in speeding vehicles.
In 2010, Virginia-based Lattice Government Services (LGS) (along with two other companies) was awarded a USD100,000 'Phase I' small business innovation research (SBIR) contract from the US Department of Homeland Security (DHS) science and ...
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