September 08, 2005

According to this Reuters report

According to this Reuters report large cash smuggling has become a severe problem since the passing of the U.S. Bank Secrecy Act which creates reporting requirements for cash transactions over $10,000. This is causing the cartels to physically transport large sums of money across the border whereas in the past they wired and transfered the money.
Posted by everyman at September 8, 2005 10:26 AM | TrackBack
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