A former undercover agent for the DEA says the government's plan
for a U.S. Treasury task force to analyze and address alleged
lapses in the nation's defense against narco-terrorist money
laundering misses the mark.
Banking experts report that U.S. and European banks launder
upwards of $500 billion from illegal drugs each year.
Robert Mazur, the former Drug Enforcement Administration agent
who brought down the Bank of Credit and Commerce International --
the seventh largest privately-held bank -- argues that banks
have already admitted to committing criminal offenses. Adding
more bureaucracy and paperwork, he says, is not the resolution.
"What I don't understand is how banks launder money but people
do not," he poses. "That is why I think that this task force really
should reconsider their approach and be proactive in looking
internally at the activities of international banks. It is a very
easy thing to do."
Muzar, also author of The
Infiltrator: My Secret Life Inside the Dirty Banks Behind
Pablo Escobar's Medellin Cartel, suggests
that investigators simply need to work backwards to
identify what kinds of entities would move large amounts of
"One of the simple things that can be done is to gain the
cooperation of the Federal Reserve and follow back the trail of the
repatriated currency that comes into our country, at times in
40-foot containers," he tells OneNewsNow. "If you did that and you
forced cooperation from central banks in our ally nations, or tried
to get that through diplomacy, you would be on your way to finding
out who's bringing in the biggest amounts of cash."
According to a Treasury spokesman, the task force is expected to
do its work over the next year.
Hospitals are expected to cut some 93,000 jobs in 2013 in
anticipation of ObamaCare. A former presidential candidate and
conservative advocate says America needs to prepare for major
changes in the medical industry.