Money Laundering

South Florida HIDTA initiatives; through close working relationships comprised of local, state, and federal law enforcement, are an integral tool for combating the multi-faceted challenges associated with money laundering.

With its coastal borders in proximity to South America, Mexico and the Caribbean Islands; South Florida is a gateway for international drug trafficking and promulgates money laundering of illicit drug proceeds on both a national and international level. For this reason, the money laundering industry in the South Florida region is a profound problem and continues to merit national concern.

The crime of money laundering can be accomplished in a myriad of ways. In addition to the classical methods afforded by the exploitation of the Black Market Peso Exchange (BMPE), Bulk Cash Smuggling and Money Service Businesses (MSBs); global commerce has become an increasingly viable method used by drug trafficking organizations to launder their illicit proceeds.