Feds target money laundering at 700 Miami-Dade businesses

April 23, 2015 1:34 AM

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Federal authorities Tuesday unveiled an anti-money laundering policy targeting 700 electronic export businesses in Miami-Dade County, requiring them to file reports with the U.S. government every time they receive more than $3,000.

The crackdown, carried out by U.S. Immigration and Customs Enforcement, aims to root out the laundering of drug- and other crime-tainted proceeds that flow into these businesses, authorities said. The same policy was imposed in Los Angeles last year.

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