DIFFERENT ANGLE by Kenneth Rijock
it would appear that bulk cash smuggling into Mexico from Southern California is on the increase in 2010. Immigration & Customs Enforcement [ICE] has reported that they apprehended nineteen suspects in the act just since October 2009. Since many narcotics trafficking organisations find other methods of moving drug profits into the border states, to reduce the risk of seizure whilst in transit from northern areas of the US, expect that front companies will take delivery of large sums, via cheques or wire transfers, and then withdraw the cash for the onward final leg into Mexico.
- Requests for cash from bank clients whose business primarily consists of cheques and credit-card payments.
- Large, repeated cash requests from a client that does not, in the ordinary course of business, show a need for it.
- Cash withdrawals from multiple branches of the bank in the same geographic area.
- Deposits of small denomination notes, followed by withdrawals of large ($50 & $100) bills.
- Cash-intensive business clients who abruptly cease making regular, daily deposits, whilst conducting purchases and other ordinary business
The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.
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