With Border Violence Comes Bolstered Efforts to Clamp Down on Illicit Cross-border Transfers

By Matt Squire

The rise of violence tied to drug and weapons trafficking along the U.S.-Mexico border has brought political attention to bear on a perennial problem in the world of anti-money laundering: cash smuggling. On Thursday, Mexican President Felipe Calderon and U.S. President Barack Obama said that the two countries would speed up the implementation of a $1.6 billion security agreement meant to crack down on narco-trafficking in North and Central America. Drug-related violence in Mexico accounted for over 5,000 deaths in 2008, up sharply from 2,700 deaths in 2007, according to the U.S. State Department. Under the program, known as the...