Drugs, terrorism and shadow banking highlights "a legal loophole that allows money launderers to get around the requirement that cash or “monetary instruments” (share certificates, travellers’ cheques, money orders etc.) in excess of $10,000 must be declared on entering or leaving the United States." Criminals easily bypass the law because it is "perfectly legal to carry, say, $50,000 embedded in the magnetic stripes of so-called pre-paid stored-value cards."
No comments:
Post a Comment