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U.S. Drug Traffickers Launder Up to $95 Billion Annually: Report
printLatin American and Canadian drug cartels profit and launder between $51 billion and $95 billion from U.S. sales annually, often smuggling their proceeds across the border, according to a government report. Of those groups, Mexican drug traffickers are "unrivaled" and lead criminal organizations in selling the two most commonly abused drugs in the United States, cocaine and methamphetamine, according to an annual assessment by the U.S. Justice Department's National Drug Intelligence Center issued Monday. While the bulk of profits from the drugs makes its way into Colombia's Black Market Peso Exchange, an elaborate money laundering scheme long targeted by international...
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