Authorities announced almost $3 million will be disbursed to several South Florida agencies as the result of a Wachovia money laundering case. Broward County Sheriff Al Lamberti said the money will be divided among several Broward municipalities and police departments, each of which will receive about $140,000. “When you can take assets like these from bad guys, it really, really helps the people we are serving,” he said.
In 2010, the bank agreed to pay a $160 million settlement for failing to maintain an anti-money laundering program, according to the U.S. Attorney’s Office. Cliff Lockwood, the supervisor of the money laundering unit, said the money was tracked from shipments of cocaine to Mexican money exchange businesses, called casas de cambios. The money would then be repatriated back into the United States.
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