Criminals using prepaid cards to launder money

Posted on May 24, 2011 • Filed under: Colombia, Crime, Drug Activity, Organized Crime, Police/Military Activity

Forget bulk cash. Heavy and hard to hide, it’s simply not the most convenient cross-border conveyance for a 21st-century money launderer.
A safer and increasingly attractive alternative for today’s criminal is electronic cash loaded on stored-value or prepaid cards. AP-Read Article

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