DEA launders Mexican profits of drug cartels

There is one thing of which you can be absolutely certain; those banks laundering the drug money here are making a killing!....US banks are playing a crucial role in the running of the Mexican drug trade, allowing their facilities to be used to launder money in a drug war that has taken the lives of more than 22,000 people in the past four years, a new investigative report reveals. According to a report from the August, 2010, issue of Bloomberg Markets magazine, both Bank of America and Wachovia are implicated in drug-money laundering schemes to purchase jets to smuggle drugs.  See Report Here

Undercover American narcotics agents have laundered or smuggled millions of dollars in drug proceeds as part of Washington’s expanding role in Mexico’s fight against drug cartels, according to current and former federal law enforcement officials.

The officials said that while the D.E.A. conducted such operations in other countries, it began doing so in Mexico only in the past few years. The high-risk activities raise delicate questions about the agency’s effectiveness in bringing down drug kingpins, underscore diplomatic concerns about Mexican sovereignty, and blur the line between surveillance and facilitating crime. As it launders drug money, the agency often allows cartels to continue their operations over months or even years before making seizures or arrests.

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