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December 11, 2012 08:58
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Chatter: HSBC hit with record fine for money-laundering

A banking giant is fined billions for dodgy money transfers, Nelson Mandela has a chest infection, and hippies have convinced us that the world is about to end.
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Graphic. (Antler Agency/GlobalPost)
A banking giant is fined billions for dodgy money transfers, Nelson Mandela has a chest infection, and hippies have convinced us that the world is about to end.
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Drug war ensnares big banks for letting Mexico cartels stash cash

Nathaniel Parish FlannerySeptember 22, 2012 09:03
MEXICO CITY — HSBC and other major banks have been accused of helping launder money for the narco criminals seen waging a brutal war in Mexico to win drug markets in the United States. Prosecutors in both countries say they are following the blood money.
December 9, 2011 16:20Updated December 9, 2011 01:00

DEA defends money laundering stings

Agents have been using financial entrapment since 1984
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Drug agents follow the money (Yuri Cortez/AFP/Getty Images)
The Justice Department defended the Drug Enforcement Administration’s controversial money laundering stings, pointing out they have been used since 1984 to successfully bring down dozens of major gangsters. Assistant Attorney General for Legislative Affairs Ronald Weich described the DEA’s operations in a letter to Rep. Darrell Issa of California, details of which were published Friday by the Houston Chronicle. Weich said that Congress gave authority for the DEA to set up bank accounts to entrap the money of narcotics traffickers and transfer money to the gangsters in 1984 under President Ronald Reagan, who beefed up the war on drugs.
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December 9, 2011 16:08

DEA defends money laundering stings

Agents have been using financial entrapment since 1984
The Justice Department defended the Drug Enforcement Administration’s controversial money laundering stings, pointing out they have been used since 1984 to successfully bring down dozens of major gangsters. Assistant Attorney General for Legislative Affairs Ronald Weich described the DEA’s operations in a letter to Rep. Darrell Issa of California, details of which were published Friday by the Houston Chronicle. Weich said that Congress gave authority for the DEA to set up bank accounts to entrap the money of narcotics traffickers and transfer money to the gangsters in 1984 under President Ronald Reagan, who beefed up the war on drugs.
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