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William Byrnes (Texas A&M) tax & compliance articles

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Crackdown on Fashion Industries Money Laundering for Drug Cartels

Posted by William Byrnes on October 3, 2014


read it on International Financial Law Prof Blog

Extensive law enforcement operations have revealed evidence that money laundering activities and Bank Secrecy Act (BSA) violations are pervasive throughout the Los Angeles Fashion District, which includes more than 2,000 businesses. ,,, more than 1,000 federal, state and local law enforcement officials were in the Fashion District, where they executed dozens of search warrants and arrest warrants linked to businesses suspected to be engaged in money laundering schemes and evasions of required BSA reporting.

This entry was posted on October 3, 2014 at 12:31 and is filed under Financial Crimes. Tagged: , , , . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Crackdown on Fashion Industries Money Laundering for Drug Cartels”

  1. roniquebreaux said

    October 4, 2014 at 11:51

    Pervasive across so many industries…unfortunate.

    Like

    Reply

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