The Black Market Peso Exchange (BMPE) is a tried and true method of laundering money between the U.S. and South America – it was used effectively by the Colombian narco-traffickers – and who is to say it isn’t being used by South American drug cartel members visiting Las Vegas casinos and joining various card clubs.
This is how it would work if I were running the system here in Las Vegas. I would organize high roller Las Vegas trips from Mexico, all expenses paid. Each one of my guests would have no limit on what they could spend as long as I got 20 percent of the money they so kindly deposited, in narco-dollars, in my mobile safe (never use the same location twice). The rest of the money would be deposited in my guests’ accounts at banks, non-banking monetary institutions and casinos up and down the strip.
The guests could then enjoy their stay, or they could partake in the activity of chip, jackpot or token redemptions, with the help of “friends” working at the casinos – no, no, we are not talking about skimming – that’s illegal (I’ll get to illegal immigrants next week). This activity is structured avoidance of currency transaction reporting requirements…
Detailed report link: click here