Customs? Seizure of $9.1 Million in Stereo Speakers Bound for Colombia Indicates Progress in Blocking Initial Placement of Criminal Proceeds

IMPORTANT: The full content of this page is available to premium users only.

Friday, April 1, 1994
Author: 
Volume: 
10
Issue: 
4
133
Abstract: 
On April 15, 1994, the media reported that during the second week of April 1994, the U.S. Customs Service seized $9.1 million stuffed in stereo speakers and air compressors headed for Colombia. This discovery indicates the steps druglords are taking to place the proceeds of drug trafficking. The method employed to disguise such small denominations of bills and the total amount discovered indicates the difficulty with which organized crime must initially try to place currency they want to smuggle out of the country?[more]