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D.E.A. Launders Mexican Profits of Drug Cartels

Posted By admin On December 4, 2011 @ 7:35 am In Featured Stories,Tile | Comments Disabled

NY Times [1]
December 4, 2011

WASHINGTON — 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 agents, primarily with the Drug Enforcement Administration, have handled shipments of hundreds of thousands of dollars in illegal cash across borders, those officials said, to identify how criminal organizations move their money, where they keep their assets and, most important, who their leaders are.

They said agents had deposited the drug proceeds in accounts designated by traffickers, or in shell accounts set up by agents.

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.

Full article here [1]

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URLs in this post:

[1] NY Times: http://www.nytimes.com/2011/12/04/world/americas/us-drug-agents-launder-profits-of-mexican-cartels.html?_r=3&pagewanted=print

[2] Banking giant HSBC to pay £1.2bn to settle U.S. probe into money-laundering for Mexican drug cartels: http://www.prisonplanet.com/banking-giant-hsbc-to-pay-1-2bn-to-settle-u-s-probe-into-money-laundering-for-mexican-drug-cartels.html

[3] Who Is Arming the Mexican Drug Cartels?: http://www.prisonplanet.com/who-is-arming-the-mexican-drug-cartels.html

[4] Want to end Mexican drug gang violence? Legalize drugs and the cartels will collapse: http://www.prisonplanet.com/want-to-end-mexican-drug-gang-violence-legalize-drugs-and-the-cartels-will-collapse.html

[5] Satire: Mexican Drug Cartels Thank Obama for Gun Control Push: http://www.prisonplanet.com/satire-mexican-drug-cartels-thank-obama-for-gun-control-push.html

[6] “Let’s Arm The Mexican Drug Cartels With Thousands Of Guns And Continue To Leave The Border Completely Wide Open”: http://www.prisonplanet.com/%e2%80%9clet%e2%80%99s-arm-the-mexican-drug-cartels-with-thousands-of-guns-and-continue-to-leave-the-border-completely-wide-open%e2%80%9d.html

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