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Reply #18: "which banks and companies are being used by the D.E.A. to launder the money?" [View All]

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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 10:41 AM
Response to Reply #14
18. "which banks and companies are being used by the D.E.A. to launder the money?"
1....Manhattan District Attorney Robert Morgenthau, together with federal and New York state banking officials, is on the verge of settling serious money laundering charges against the Bank of America Corp. with a reported $25 million fine, making this the second largest money laundering case the long-time DA has settled in three months.
In December, the Manhattan DA, the New York State Banking Department, and the Federal Deposit Insurance Corp. settled a similar case with Israel Discount Bank of New York, also for a fine totaling $25 million, including the costs of the investigation.
http://www.netbanker.com/2006/02/manhattan-district-att...
Note the date is 2006.

2.Banks Financing Mexico Gangs Admitted in Wells Fargo Deal
" snip.....The smugglers had bought the DC-9 with laundered funds they transferred through two of the biggest banks in the U.S.: Wachovia Corp. and Bank of America Corp., Bloomberg Markets magazine reports in its August 2010 issue.
This was no isolated incident. Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers -- including the cash used to buy four planes that shipped a total of 22 tons of cocaine.
http://www.bloomberg.com/news/2010-06-29/banks-financin...
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