Monday, January 3, 2011
Money Laundering Figures
The American embassy in Mexico reports that 135 money-laundering businesses were targeted in 2009 and 2010, which resulted in seizures of $60 million. The report also pointed to Customs seizing more than $3 billion through Operation Firewall, although, unless I'm mistaken, said operation doesn't focus specifically on Mexico or drug trafficking, which makes the claim more than a bit disingenuous. Furthermore, the $60 million came in a period in which the State Department says between $16 and $50 billion in drug money was repatriated to Mexico, which means authorities were able to to locate between one-third and one-eighth of 1 percent of that cash. Hardly a stirring success.