Trade-based Money Laundering
TBML
is process by which criminals use
legitimate trade 2
disguise their criminal proceeds
from their unscrupulous sources.
Crime involves # of schemes
in order 2 complicate documentation
of legit trade trans.
MOB
acams.org/aml-resources/…
TBML
is process by which criminals use
legitimate trade 2
disguise their criminal proceeds
from their unscrupulous sources.
Crime involves # of schemes
in order 2 complicate documentation
of legit trade trans.
MOB
acams.org/aml-resources/…
TBML
4-29-20
Dirty money
piling up in L.A.
as coronavirus cripples
intl money laundering.
Last 3 wks,
federal agents made 3 seizures
that each netted > $1M
in suspected drug proceeds.
Makes ya wonder about
these billionaires
wanting folks 2 go back 2 wrk
latimes.com/california/sto…
4-29-20
Dirty money
piling up in L.A.
as coronavirus cripples
intl money laundering.
Last 3 wks,
federal agents made 3 seizures
that each netted > $1M
in suspected drug proceeds.
Makes ya wonder about
these billionaires
wanting folks 2 go back 2 wrk
latimes.com/california/sto…
TBML
Drug trafficking groups
need 2 convert dollars 2 pesos,
which is expensive 2 do legitimately,
+ they need 2 move money
from U.S. 2 Mexico,
which is risky 2 transport in cash.
2 accomplish this,
broker pays pesos 4 drug traffickers’ dollars.
archive.vn/PtVAe
Drug trafficking groups
need 2 convert dollars 2 pesos,
which is expensive 2 do legitimately,
+ they need 2 move money
from U.S. 2 Mexico,
which is risky 2 transport in cash.
2 accomplish this,
broker pays pesos 4 drug traffickers’ dollars.
archive.vn/PtVAe
TBML
Traffickers deliver cash
2 exporter in LA,
who ships goods;
commonly clothing,
cosmetics,
jewelry
or sportswear;
2 retailer in Mexico.
Retailer sells goods
4 pesos + pays broker.
archive.vn/PtVAe
Traffickers deliver cash
2 exporter in LA,
who ships goods;
commonly clothing,
cosmetics,
jewelry
or sportswear;
2 retailer in Mexico.
Retailer sells goods
4 pesos + pays broker.
archive.vn/PtVAe
Developed by Colombian
cocaine traffickers,
Mexican cartels initially did not embrace
black market peso exchange,
finding it easier 2 simply
smuggle bulk cash across border
+ launder it in Mexico.
That changed about 10 yrs ago
when MX auth tightened regs
archive.vn/PtVAe
cocaine traffickers,
Mexican cartels initially did not embrace
black market peso exchange,
finding it easier 2 simply
smuggle bulk cash across border
+ launder it in Mexico.
That changed about 10 yrs ago
when MX auth tightened regs
archive.vn/PtVAe
Coronavirus has also cooled
Chinese capital flight,
which B4 pandemic
was primary driver of
international money laundering.
W chYnese govt
curtailing amt of money
its citizens can shift overseas,
drug traffickers + money brokers
set up following system:
latimes.com/california/sto…
Chinese capital flight,
which B4 pandemic
was primary driver of
international money laundering.
W chYnese govt
curtailing amt of money
its citizens can shift overseas,
drug traffickers + money brokers
set up following system:
latimes.com/california/sto…
TBML
chYnese natl who wants 2 convert
yuan 2 dollars + stash it in U.S.
will contact a broker.
Broker instructs this person 2 pay a factory
that produces chemicals used 2 make
methamphetamine or fentanyl.
Mob rly doesn't like COVID-19
incl churches.
latimes.com/california/sto…
chYnese natl who wants 2 convert
yuan 2 dollars + stash it in U.S.
will contact a broker.
Broker instructs this person 2 pay a factory
that produces chemicals used 2 make
methamphetamine or fentanyl.
Mob rly doesn't like COVID-19
incl churches.
latimes.com/california/sto…
TBML
Factory ships precursors 2 Mexico,
where they’re converted N2 narcotics,
smuggled N2 U.S.
+ sold 4 dollars.
Broker directs drug trafficking group
2 deliver cash 2 a relative
or an associate of chYnese natl
whose money initiated entire sequence.
archive.vn/PtVAe
Factory ships precursors 2 Mexico,
where they’re converted N2 narcotics,
smuggled N2 U.S.
+ sold 4 dollars.
Broker directs drug trafficking group
2 deliver cash 2 a relative
or an associate of chYnese natl
whose money initiated entire sequence.
archive.vn/PtVAe
TBML
Money is now in U.S. + in dollars,
w/out ever entering global financial system.“
The more money that wants 2 leave China,
the more chemicals go 2 Mexico
+ the more synthetic drugs end up in L.A.,”
~Bill Bodner, LADEA
latimes.com/california/sto…
Money is now in U.S. + in dollars,
w/out ever entering global financial system.“
The more money that wants 2 leave China,
the more chemicals go 2 Mexico
+ the more synthetic drugs end up in L.A.,”
~Bill Bodner, LADEA
latimes.com/california/sto…
TBML
Most narcotics precursors from chYna
r made in Wuhan,
epicenter of COVID-19 outbreak,
+ factories there r shuttered
or operating at reduced capacity.
“When chemicals aren’t flowing
from chYna,
there’s no churn in
money laundering system,
archive.vn/PtVAe
Most narcotics precursors from chYna
r made in Wuhan,
epicenter of COVID-19 outbreak,
+ factories there r shuttered
or operating at reduced capacity.
“When chemicals aren’t flowing
from chYna,
there’s no churn in
money laundering system,
archive.vn/PtVAe
TBML
Vendors in Wuhan
shipped huge quantities around world.
Biggest customers were
Mexican drug cartels,
which have embraced fentanyl
in recent yrs bc it is cheaper
+ easier 2 produce than heroin.
4-24-20
latimes.com/world-nation/s…
Vendors in Wuhan
shipped huge quantities around world.
Biggest customers were
Mexican drug cartels,
which have embraced fentanyl
in recent yrs bc it is cheaper
+ easier 2 produce than heroin.
4-24-20
latimes.com/world-nation/s…
TBML
Coronavirus that emerged in Wuhan last yr B4 spreading across planet
has disrupted fentanyl supply chain,
causing ripple effect
that has cut N2 profits of
Mexican traffickers + driven up
street drug prices across U.S.
archive.vn/3mVFn
Coronavirus that emerged in Wuhan last yr B4 spreading across planet
has disrupted fentanyl supply chain,
causing ripple effect
that has cut N2 profits of
Mexican traffickers + driven up
street drug prices across U.S.
archive.vn/3mVFn
TBML
Narcotics trade,
which relies on constant movement
of goods + people,
has been stymied by lockdowns,
travel bans + other efforts
2 contain virus.
Mexican production of
fentanyl + methamphetamine
appears especially hard hit.
latimes.com/world-nation/s…
Narcotics trade,
which relies on constant movement
of goods + people,
has been stymied by lockdowns,
travel bans + other efforts
2 contain virus.
Mexican production of
fentanyl + methamphetamine
appears especially hard hit.
latimes.com/world-nation/s…
TBML
Cartels have encountered
another colossal challenge:
new restrictions on entry 2 U.S.,
world’s biggest mrkt 4 illegal drugs.
Some cartels r hurting financially.
Interviewed gang members
who complain cartel bosses
have not paid their salaries.
archive.vn/3mVFn
Cartels have encountered
another colossal challenge:
new restrictions on entry 2 U.S.,
world’s biggest mrkt 4 illegal drugs.
Some cartels r hurting financially.
Interviewed gang members
who complain cartel bosses
have not paid their salaries.
archive.vn/3mVFn
TBML
Other factors also hurting TOC.
Experts say quarantines
have slowed movement of cocaine
from South America 2 Mexico
+ harmed legal industries,
such as avocado trade,
from which cartels extort money.
archive.vn/3mVFn
Other factors also hurting TOC.
Experts say quarantines
have slowed movement of cocaine
from South America 2 Mexico
+ harmed legal industries,
such as avocado trade,
from which cartels extort money.
archive.vn/3mVFn
TBML
Trade-Based Money Laundering
Meanwhile,
downturn of global oil prices
has been blow 2 gangs
that resell stolen gasoline.
That loss of income
could be exacerbating violence
in Mexico,
which saw 2,585 homicides
in March,
> in any mo in nearly 2 yrs.
archive.vn/3mVFn
Trade-Based Money Laundering
Meanwhile,
downturn of global oil prices
has been blow 2 gangs
that resell stolen gasoline.
That loss of income
could be exacerbating violence
in Mexico,
which saw 2,585 homicides
in March,
> in any mo in nearly 2 yrs.
archive.vn/3mVFn
TBML
All of this combined
causing street value 2 climb
Methamphetamine has risen
from $900 per pound 2
$1,800 per pound
in last 5 wks.
Despite that,
drug treatment experts say
they r seeing surge in drug use.
latimes.com/world-nation/s…
All of this combined
causing street value 2 climb
Methamphetamine has risen
from $900 per pound 2
$1,800 per pound
in last 5 wks.
Despite that,
drug treatment experts say
they r seeing surge in drug use.
latimes.com/world-nation/s…
Supply chain SNAFUs
prt of biz cycle
Drug dealing never been
stable mrkt
"Rule is: strife + conflict."👈😬
[snds gop]
Disrupts in supply chain r only temp,
cartels will bounce back
same way
they rebound from cartel infighting
or law enforce crackdwns.
latimes.com/world-nation/s…
prt of biz cycle
Drug dealing never been
stable mrkt
"Rule is: strife + conflict."👈😬
[snds gop]
Disrupts in supply chain r only temp,
cartels will bounce back
same way
they rebound from cartel infighting
or law enforce crackdwns.
latimes.com/world-nation/s…
TBML
‘Cartels are scrambling’:
Coronavirus snarls global drug trade
4-20-20
Normally bustling vehicle traffic
smugglers use 4 cvr
has slowed 2 trickle.
Bars, nightclubs + motels
across country that r fertile marketplaces
4 drug dealers
have shuttered.
latimes.com/world-nation/s…
‘Cartels are scrambling’:
Coronavirus snarls global drug trade
4-20-20
Normally bustling vehicle traffic
smugglers use 4 cvr
has slowed 2 trickle.
Bars, nightclubs + motels
across country that r fertile marketplaces
4 drug dealers
have shuttered.
latimes.com/world-nation/s…
TBML
COVID-19 is dealing gut punch
2 illegal drug trade,
paralyzing economies,
closing borders
+ severing supply chains
in chYna that traffickers rely on
4 chemicals 2 make such profitable drugs as methamphetamine + powerful opioid fentanyl.
4-20-20
archive.vn/fiSF1
COVID-19 is dealing gut punch
2 illegal drug trade,
paralyzing economies,
closing borders
+ severing supply chains
in chYna that traffickers rely on
4 chemicals 2 make such profitable drugs as methamphetamine + powerful opioid fentanyl.
4-20-20
archive.vn/fiSF1
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