American Banks 'High' On Drug Money: How a Whistleblower Blew the Lid Off Wachovia-Drug Cartel Money Laundering Scheme

This from Alternet.

Tell me more about the "integrity" of our banks, our businessmen. After all, business is business -- right? So what if it causes the death of lots and lots of people! Heck, oil companies, chemical companies, "health care" FOR PROFIT companies also kill people -- money is money, profit is profit, death is death -- doesn't matter -- until you are asked to help do something about it -- right? Their job is to make money -- taking care of CITIZENS is why we have GOVERNMENTS. Corporations are supposed to be adjuncts to GOVERNMENT. GOVERNMENT was NOT designed to take care of CORPORATIONS. Please follow link to read the rest of the article.
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American Banks 'High' On Drug Money: How a Whistleblower Blew the Lid Off Wachovia-Drug Cartel Money Laundering Scheme


A fraud investigator helped expose the shocking world of multi-billion dollar drug laundering by American banks and the surprising lack of oversight by the Feds.

Martin Woods, an Englishman in his mid-40s, is blessed with a Sherlock Holmes instinct and demeanor. Woods is an expert at sniffing out "dirty" money passing through International Banking Systems.

A police officer for 18 years and later a detective with London Metro Police Agency, Woods capitalized on his unique expertise as a fraud expert by joining Wachovia's London-based Bank in March 2005 as an anti-money laundering officer.

It wasn't long after taking the job that he discovered that his own employer, one of America's leading banks, was a major player in aiding the "bloodthirsty" Mexico drug cartels to launder billions of dollars in drug money through Wachovia banks. Woods traced and identified a "number of suspicious transactions" related to Mexico-based Casa de Cambios (CDC).

Casa de Cambios are currency-exchange operations set up along the U.S. Mexico-border to assist cross border transfers of money to remit labor paychecks. And on the illegal side the Casa de Cambios are also known as the superhighway for narcotic proceeds into the U.S. and overseas financial markets.

When Woods zeroed in on deposited traveler's checks with sequential numbers sent by the CDC he discovered that large amounts of funds were exceedingly more than a typical person would need. The questionable CDC checks either lacked adequate identifying information or had none at all, including no legible signatures affixed on the funds ...............................................

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