Banking Regulators: Cash Deposits and Drug Money

banking regulators: She wears a white dress, a necklace and a leather tote slung over one shoulder, according to The Japan Times. But the outings were hardly innocent. He carries a shopping bag. Over two hours, federal agents snapped pictures as the pair visited seven banks, stopping at each one to make cash deposits of just under $10,000 — all from piles of drug money stashed in their bags. The cartels collect much of their cash proceeds from the U.S. market much the way the cocaine and other drugs come in, by sneaking it across the border. Prosecutors say the flurry of modest deposits was one of the many schemes hatched by Mexican crime cartels trying to bring billions of dollars in drug proceeds back from the United States without attracting scrutiny from banking regulators. (news.financializer.com). As reported in the news.