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Owner of Unlicensed Chilean MSB Sentenced, Ordered to Pay $10 Million
printThe former owner of a Chilean money services business was sentenced to 42 months in prison and ordered to forfeit $10 million Thursday for sending remittances without state licenses. Mauricio Alfonso Mazza-Alaluf, the former head of Turismo Costa Brava S.A., violated federal anti-money laundering laws by not obtaining a license to act as a money services business (MSB) in New York, Illinois and Michigan, said prosecutors. Investigators arrested Mazza-Alaluf in March 2007 at the Los Angeles International Ai rport carrying more than $1.9 million in foreign currencies. Using the bulk foreign bills he brought into the United States, Mazza-Alaluf sent...
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