The majority of illegal drugs enter the United States in an assortment of vehicles, with drugs hidden in secret compartments in door panels or the roof, gas tanks, tires and even engines.
Smugglers also dig cross-border tunnels, primarily to move large volumes of marijuana. While many tunnels are rudimentary, others have lighting, tracks and ventilation systems, even elevators. As of March 2016, a total of 224 tunnels were discovered on the Southwest border since 1990.
Cargo trains, tractor-trailers and passenger buses have been used to move illegal drugs. Trucks and trains carrying fresh produce such as watermelons, limes and other fruits and vegetables have been used to bring in narcotics. Drug shipments are often painted green and hidden within crates with fake watermelons or limes. Cocaine has been found in tomato crates.
Another method used by smugglers: Coast Guard Intercepting Submarine Carrying $181 Million In Drugs
The Coast Guard Cutter Stratton crew seizes bales from a self-propelled semi-submersible submarine interdicted in international waters off the coast of Central America, July 19, 2015. The Coast Guard recovered more than 6 tons of drugs from the 40-foot vessel.
Chairman Bernanke at Press Conference of the Federal Open Market Committee, on November 2, 2011.
“Politics is politics, and the Federal Reserve tries to stay nonpartisan and out of those debates. I mean, our job is to do the best we can for the U.S. economy, to do what we can to promote our mandate of maximum employment and price stability, and although we must be accountable to the Congress over the longer term, in the short term, it’s very important that the Fed be free from political pressures. And therefore, we are going to make our decisions based on what’s good for the economy, and we’re not going to take any politics into account.”
“With respect to inequality, I think the best way to address inequality is to create jobs. It gives people opportunities. It gives people a chance to earn income, gain experience, and to ultimately earn more. But that’s an indirect approach; that’s really the only way the Fed can address inequality per se.”
“My best advice to Americans is to continue to live your lives, though, and to continue to think about your personal situation and try to make smart decisions based on your own financial position. Clearly, Americans are trying to improve their balance sheets; they’re trying to pay down debt. That’s, of course, important. At the same time, you want to make smart decisions,you want to make good investments, you want to budget properly. So financial literacy is a big part of this, and lack of financial literacy was one of the things that got us into this mess in the first place. So I would advise people to try to be smart about their finances. Unfortunately, we can’t disassociate ourselves from Europe; the things that are happening there do affect us, and that’s an unfortunate fact. I hope very much that the Europeans will find a set of solutions that will allow markets to calm down and take off some of the headwinds from the U.S. economy.”
What happens in USA when a company does not follow anti money laundering rules?
Former US Arizona Attorney General Terry Goddard and Western Union Financial Services, Inc. announced in Feb 2010 a ground-breaking $94 million settlement agreement which will provide substantial new resources for law enforcement authorities in the four Southwest border states to combat illegal activity along the entire U.S.-Mexico border.
Meanwhile, on July 2016, Western Union announced in a press release that completed successfully the primary recommendations made by the monitor pursuant to the Southwest Border settlement agreement, dated in February, 2010.
Arizona Attorney General Mark Brnovich said, “Over the last few years Western Union has made great strides in developing an effective AML program. We believe Western Union’s Southwest AML Compliance Program should be a model for others in the industry.”
The Federal Reserve System is the central banking system of the United States which was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. http://en.wikipedia.org/wiki/Federal_Reserve_System