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Trade-Based Laundering, Cash Smuggling Among Most Common Methods of Financial Crooks: ICE Official
printTrade-based schemes and bulk cash smuggling are among the most common tactics used by international money launderers, according to Joseph Gallion, the deputy assistant director of the Financial, Narcotics and Special Operations Division for the Homeland Security Investigations (HSI) directorate of U.S. Immigration and Customs Enforcement. For investigators, working with international partners to trace the movement of such funds is crucial, said Gallion, who formerly served as HSI's chief of staff. Along with other investigators, HSI officials and others in the Department of Homeland Security are taking part in the White House's strategy to combat transnational organized crime, an initiative...
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Within the cargo containers lined along American ports and the semi-trailer trucks driven past U.S. border crossings, there is at times more than just goods en route to a profitable sale. Less detectable and often hidden within the paperwork, illicit value is an occasional stowaway.
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