Tags: Bulk Cash Smuggling

US Faces Tough Fight in Cash Smuggling Crackdown

Sunday, 12 Feb 2012 06:51 AM

 

WASHINGTON (AP) — Federal authorities say they've stepped up efforts in recent years to stem the flow of illicit cash pouring across the southwestern border.

It's illegal to try to smuggle more than $10,000 in unreported cash. Officials say the money often represents the proceeds of drug trafficking and other crimes.

The Obama administration has identified targeting bulk cash smuggling as part of its broader effort to fight transnational crime. Federal immigration agents report a spike in arrests and in cash seizures over the last half-dozen years. And officials in December announced the expansion of a bulk cash smuggling center in Vermont.

But experts say it's tough to stem the flow of cash, especially because the amount of money being seized represents a fraction of the total funds being smuggled.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rap Mogul Suge Knight Investigated in Deadly Hit-and-Run

Friday, 30 Jan 2015 06:41 AM

Death Row Records founder Marion Suge Knight turned himself into authorities early Friday after his attorney said the  . . .

'Ebola Czar' Ron Klain Will Leave Job Feb. 15

Thursday, 29 Jan 2015 22:32 PM

The Obama administration's "Ebola czar" will leave his post on Feb. 15, although he said there is still work to do at er . . .

Texas Executes Killer Who Claimed Mental Impairment

Thursday, 29 Jan 2015 21:41 PM

The state of Texas on Thursday executed a convicted rapist-killer whose lawyers argued was severely mentally impaired, h . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved