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Drug Traffickers’ Laundering Techniques as Varied as Snowflakes, Says Ex-Customs Undercover Agent
printWhile most banks make sincere attempts to catch money laundering, some financial institutions likely continue to turn a blind eye to drug funds, according to Robert Mazur, a former U.S. Customs investigator involved in the 1990 prosecution of the now defunct Bank of Credit and Commerce International (BCCI). Mazur, who worked as an undercover agent for five years, witnessed with his own eyes a variety of schemes that Colombian drug traffickers, aided by BCCI, employed in order to hide illicit funds. The undercover operation resulted in more than 80 individuals being charged worldwide. Recently, Mazur penned a book about his...
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