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How Wachovia laundered billions of Mexico drug money.

HuskyDeac

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http://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs

Had anyone heard of this before? I guess I shouldn't be shocked by anything that goes on in the world of international banking, but this sounds pretty large scale to have been completely ignored.

The Guardian picks up on a lot of stories with large implications which I rarely see back home. Good "foreign" online paper for anyone interested.
 
Agreed. A very solid journal.

Not surprising though...when we had the William Bennett as drug czar it was reported that banks in the Miami area had laundered 8 billion dollars over a 3 year period.
 
Yeah, I have a friend who works for Wachovia in the Latin America Money Laundering Division.
 
Interesting article considering the Anti-Money Laundering project I was just contracted in for at Wells Fargo.
 
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