It never ceases to amaze me how slow the US can be. How long did it take them to catch on to how the cartels always manage to stay several steps ahead of law enforcement in the money laundering game. The kind of money laundering they’re talking about in the LA Times piece below has been going on for YEARS on so many levels, heads would explode.
These activities are so blatantly obvious in Latin America, particularly in Colombia and Panama. It has gotten to the point that they don’t even bother trying to hide it anymore. And the US is just figuring this out NOW? Impressive. The part I find most hysterical in the reporting is where the US authorities concede that there is basically no way to stop it. So if there isn’t the clearest possible sign that says the drug war is lost, then I don’t know what it is.
Game over guys. Just legalize it all.
Cartels use legitimate trade to launder money, U.S., Mexico say
Fruit, fabric and toys are purchased and then exported south, generating paperwork that gives drug money the appearance of lawful proceeds from a transaction, authorities say.
By Tracy Wilkinson and Ken Ellingwood, Los Angeles Times December 19, 2011
Reporting from Mexico City— It’s fast becoming the money-laundering method of choice for Mexican drug traffickers, U.S. and Mexican officials say, and it involves truckloads not of cash, but of fruit and fabric. Read On…