Thread: One Thing Migrant Smugglers Can't Do Without: Big U.S. Banks

Don't blame the banks. Banks are not and should not be a substitute for law enforcement. Blame the politicians making the promises to illegal aliens they'll never have to leave once they get here. Investigate the politicians who are getting their share of the take of these profitable illegal enterprises in return for their promises to never stop illegal immigration and instead give them amnesty. Who from Guatemala can afford to "deposit" $3,800 to $5,200 a person to sneak into the US? Isn't it interesting that the people who have this money can't make a go of it in their own country? Isn't it ironic that this is about what they'll get back in tax credit welfare when they file their tax return? That's how they're able to pay back the drug cartels who make this money available, because all the person has to do is file a tax return and they'll get it back from the US government and forward it right on to the drug cartels, because no one living in the US earning these low wages can save up that much money plus send $600 a month in remittances back home to the family?! Wake Up, Folks. These schemes have all been devised by politicians.

Now ask yourselves, why? And if you can come up with another credible reason for politicians to support illegal immigration aside from being on the take with these cartels, then please let us know.

by Sylvia Longmire
21 Jan 2015

Hundreds of thousands of immigrants enter the US illegally across our southwest border every year with the help of coyotes, more formally known as human smugglers. Making this journeys isn’t cheap, and can set a migrant back anywhere from $3,000 to $7,000 depending on his or her circumstances. As a result, gangs are making upwards of $10 billion per year according to the United Nations Office of Drugs and Crime. Worse yet, Bloomberg Markets magazine will be reporting in its February issue that these profits are rolling in with the assistance of several U.S. banks.

According to evidence in a federal criminal case against a gang of 15 human smugglers and warrants from prosecutors in Arizona, Maryland, and Texas, several major U.S. banks have been used as financial conduits for the smuggling industry. These include household names such as Bank of America, Wells Fargo, and JP Morgan Chase & Co. Both Bank of America and Wachovia Bank (which was purchased by Wells Fargo) have been in serious legal trouble in the past for unwittingly facilitating the money laundering activities of Mexican drug cartels.

A report on Bloomberg.com outlined the story of two brothers who traveled from Guatemala to the U.S. First, one of them paid smugglers $1,400 to get through Mexico’s Sonoran desert and into Arizona. Then they paid the gang $5,200 by way of deposit into a Wells Fargo account to transport them to Atlanta. The smugglers then withdraw the money from bank branches, often near the Mexican border. The Arizona attorney general’s office says it documented $360 million of funds used for human smuggling that moved through Arizona-based funnel accounts from 2008 to 2013.

Federal investigators and bank compliance officers told Bloomberg that although there’s no evidence that banks have knowingly colluded with human smugglers, the institutions have fallen short on their responsibility to detect and report suspicious cash deposits and withdrawals—including money that flows through their accounts into the hands of gangs.

Banks insist that they have strong programs in place to comply with anti-money laundering (AML) requirements, but both human smugglers and drug traffickers continue to move millions—if not billions—of dollars through their coffers unnoticed. This is certainly not the first red flag for these banks. Phoenix police targeted the same transaction patterns and seized hundreds of accounts at Bank of America, JPMorgan (JPM) and Wells Fargo from 2006 to 2008. Since March 2013, Arizona prosecutors have gotten court-ordered seizure warrants to shut down 325 additional accounts suspected of belonging to smugglers at Bank of America and Wells Fargo, per Bloomberg.

Part of the problem with stopping the rampant use of both banks and money service businesses like Western Union by smugglers is the fact that there’s an inherent conflict of interest for these institutions. By heavily scrutinizing large and/or suspicious transactions, banks could lose out on significant sources of income by shutting down lucrative deposit accounts. Many smaller banks don’t or can’t invest in an adequate number of trained and experienced compliance officers. The federal government bears just as much responsibility for this lapse in security. Historically, the Department of Justice has chosen not to prosecute bank officers on criminal charges, preferring to let the Treasury Department levy astronomical fines instead for fear of destabilizing the US financial system.

“I wasn’t able to make human smuggling a priority,” said Holly Ray, who was an anti-money-laundering investigator and compliance officer at JP Morgan in San Antonio, Texas, from 2011 until August 2014, to Bloomberg.

http://www.breitbart.com/texas/2015/...-of-u-s-banks/

Part of the problem with stopping the rampant use of both banks and money service businesses like Western Union by smugglers is the fact that there’s an inherent conflict of interest for these institutions. By heavily scrutinizing large and/or suspicious transactions, banks could lose out on significant sources of income by shutting down lucrative deposit accounts. Many smaller banks don’t or can’t invest in an adequate number of trained and experienced compliance officers. The federal government bears just as much responsibility for this lapse in security. Historically, the Department of Justice has chosen not to prosecute bank officers on criminal charges, preferring to let the Treasury Department levy astronomical fines instead for fear of destabilizing the US financial system.

The federal government at this point in time bears 100% of the responsibility for this lapse in security. For anyone to blame banks or even employers when the position of the federal government is amnesty on illegal aliens, that claims illegal immigration is good for the economy, that threatens vetoes against Congressional efforts to stop it, that files defenses of its own unconstitutional acts to support illegal immigration and in turn files offensive suits against states to stop them from enforcing US immigration law, knowing full well that it takes smugglers and money and banks and weapons and so much more for illegal aliens to enter the country, is just wrong and pointing fingers at scapegoats.

Don't blame the banks. The banks are business people, they are not law enforcement, they are private enterprises charged with making money, they are not the right entities to catch smugglers, illegal aliens, drug cartels or money launderers.

Blame the entity 100% responsible for illegal immigration and all the crimes associated with it, the federal government, because it is the entity funded with billions of taxpayer dollars to enforce our laws, and to date, it is by its own hand and mouth, the primary party with the power and authority to enforce those laws. There is no one else to blame.

Seriously, many in the federal government are on the take, lining their pockets with drug money talking out of both sides of their mouths while the borders are open and our nation is flooded with illegal aliens the government refuses to deport, in direct conflict with our laws and its constitutional duties. There is no valid reason for its behavior other than those calling the shots are on the take with the cartels behind this travesty.