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Article on Money Laundering in the Drug War and the relationship between drug usage, drug dealing, the US and Argentina and how the drug war is completely futile

http://RevolutionNews.US - Britain’s financial regulator has fined the British queen’s bank for money laundering failures as a French presidential candidate has said part of the queen’s fortune “comes from drug trafficking.”

The federal agency charged with enforcing the nation's laws against money laundering has issued new guidelines suggesting that several parties in the Bitcoin economy qualify as Money Services Businesses under US law. MSBs must register with the federal government, collect information about their customers, and take steps to combat money laundering by their customers. The new guidelines do not mention Bitcoin by name, but there's little doubt which "de-centralized virtual currency" the Financial Crimes Enforcement Network (FinCEN) had in mind when it drafted the new guidelines.

HSBC provided a conduit for "drug kingpins and rogue nations", according to a US Senate committee investigating money laundering claims at the bank. Its report said suspicious funds from countries including Mexico, Iran and Syria had passed through the bank. The president and chief executive of HSBC Bank USA, Irene Dorner, apologised to the committee for the behaviour which she said deeply regretted. Earlier, HSBC's head of compliance, David Bagley, resigned at the hearing.

The FBI sees the anonymous Bitcoin payment network as an alarming haven for money laundering and other criminal activity—including as a tool for hackers to rip off fellow Bitcoin users.

That’s according to a new FBI internal report that leaked to the Internet this week, which expresses concern about the difficulty of tracking the identity of anonymous Bitcoin users, while also unintentionally providing tips for Bitcoin users to remain more anonymous.

The alleged Iranian plot to assassinate the Saudi ambassador to Washington using a member of a Mexican drug cartel, was discovered thanks to a DEA informant who infiltrated the cartel of the Zetas.

when the Sowers earned over $10,000 in February, and learned they’d have to fill out paperwork at the bank for such large deposits, they simply rolled the deposits over to keep them below that amount, rather than waste time on bureaucratic red tape.
Structuring explains Overlawyered.com, is the federal criminal offense of splitting up bank deposits so as to keep them under a threshold such as $10,000 above which banks have to report transactions to the government.

In the most expensive initiative in Latin America since the Cold War, the U.S. has militarized the battle against the traffickers, spending more than $20 billion in the past decade. U.S. Army troops, Air Force pilots and Navy ships outfitted with Coast Guard counternarcotics teams are routinely deployed to chase, track and capture drug smugglers.

I wish the US government would stop wasting money on this.

Criminals around the country are stealing an inordinate number of bottles of Tide laundry detergent. On the street, Tide is known as “liquid gold.” Harrison Sprague of the Prince George’s County, Maryland, Police Department says that his undercover agents are asking for drugs but being offered Tide instead. They are busting drug rings and finding more blue liquid than white powder. The driving force here is a war on the dollar. Carrying around vast amounts of cash raises questions among the authorities.