US Garment Businesses Warned of Heightened Scrutiny in Mexican Drug Money Probe Victoria Kim - The Los Angeles Times
go to original October 3, 2014

In raids last month, federal authorities arrested nine people and seized roughly $90 million in cash in a crackdown on suspected money laundering by drug cartels in the downtown Los Angeles fashion district. (Immigration and Customs Enforcement)

Federal authorities cracking down on suspected money laundering linked to Mexican drug cartels said they warned about 2,000 businesses in the downtown Los Angeles fashion district that they must follow stricter rules on reporting cash transactions.

In issuing the orders, the U.S. Department of Treasury put at least half the district's businesses on notice, following a strategy that federal agencies have used to target drug profits sent from New York and Miami to Columbia, the Dominican Republican and Puerto Rico.

Federal officials said that Thursday’s move marked one of the largest uses of such orders by the U.S. government.

Read the full story at The Los Angeles Times

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