Sting Operation Snares Casa de Cambio for Allegedly Laundering Millions Through U.S. Banks

By Colby Adams and Brian Monroe

A Mexican currency exchange house that registered with the U.S. Treasury Department manipulated currency declaration reports in efforts to launder tens of millions of dollars of drug profits, according to court documents. U.S. prosecutors allege that associates of Zacatecas, Mexico-based Prodira Casa de Cambio SA DE CV (CDC) and Filemon Garcia Ayala, its self-proclaimed owner, falsified Currency and Monetary Instrument Reports (CMIR) to ship at least $130 million over a two year period into the United States, portions of which were to be laundered at U.S. banks on behalf of the Los Zetas drug cartel. Earlier this month, Ayala and...