DOJ: Mexican Cartel Used Middle Eastern Honor System to Launder U.S. Currency

Court documents filed in federal court claim that a suspected drug traffickers linked to Mexico’s Sinaloa Cartel used a Middle Eastern honor system to launder drug proceeds. Known as a Hawala, members of the conspiracy would be hired by cartel members in Canada and Mexico to move drug proceeds through the honor system that does not leave a paper trail as couriers move the money between countries. “Drug traffickers in Canada would generate drug proceeds from multi-kilogram and multi-pound sales and distribution of drugs provided by Mexican cartels, including the Sinaloa Cartel,” court records obtained by Breitbart Texas revealed. A Hawala need two brokers who would transfer the money between each other on a trust basis thus not leaving behind any promissory notes or legally binding documents for authorities to seize...more