Documente Academic
Documente Profesional
Documente Cultură
Drug Proceeds
Money Broker-U.S.
Smugglec / Courier
Shipment of
Drugs to U.S. Assopiate
In or about January 1999, the El Dorado Task Force (LEA's from ICE and IRS) began
investigating certain narcotics traffickers that were laundering cash proceeds by
converting the cash into gold and then smuggling the gold to South and Central America.
According to information developed as a result of the investigation, Colombian narcotics
traffickers had large amounts of cash narcotics proceeds in the New York area that needed
to be repatriated to Colombia for payment for additional narcotics and to capture the
profits of their sales. Thus, these traffickers desired to launder the cash to Colombia, and
ultimately convert the U.S. dollars into pesos in Colombia. Some of these traffickers
achieved this goal by using the services of "money brokers" in the New York area.
One of the methods used by these money brokers to launder the money to Colombia was to
convert the cash into gold. Using this method, the money brokers employed couriers to
pick up cash at designated locations and deliver the cash to designated gold and precious
metal suppliers. The suppliers then provided gold to the couriers in exchange for the cash.
In some cases, the gold suppliers molded the gold into common items, such as tools, belt
buckles, screws and bolts, or other types of hardware, to make the gold less likely to be
detected by Customs inspectors as it was taken out of the country. The gold was then
smuggled to Colombia, either by couriers or in cargo. Once the gold arrived in Colombia,
it was sold to gold refiners for Colombian pesos, which were then delivered to money
brokers and, ultimately, to the narcotics traffickers.
WITH DRAWAL NOTICE
RG: 148
Box: 00001 Folder: 0002 Document: 6
Series: Team 4 Files
Copies: 1 Pages: 2
ACCESS RESTRICTED
The item identified below has been withdrawn from this file:
In the review of this file this item was removed because access to it is
restricted. Restrictions on records in the National Archives are stated in
general and specific record group restriction statements which are available
for examination.
NND:401
Withdrawn: 10-01-2008 by:
AUB 7 2002
FROM: James F.
Director
Created in 1990, the Financial Crimes Enforcement Network (FinCEN) has served as the
national central clearinghouse for broad-based intelligence and information sharing
relative to money laundering, terrorist financing, and other financial crimes. Starting as
an assembly of highly skilled financial analysts and information technology experts,
FinCEN's role in those areas was significantly expanded by virtue of several
Congressional and Departmental determinations and mandates. Included among them
was the designation of FinCEN as administrator of the Bank Secrecy Act (BSA) in 1994,
as well as FinCEN's elevation to bureau status following the enactment of the USA
PATRIOT ACT in 2001.
Also, during the past three years and in parallel to the increased responsibilities,
FinCEN's human resources have increased significantly. At present, 216 permanent
employees are on board and we anticipate a total of approximately 240 by December
2002, Our workforce is supplemented by approximately eleven dctailees from other
agencies as well as approximately one hundred eighteen contract employees supporting
our mission.
The Financial Crimes Enforcement Network was established to combat Money Laundering
crimes. Typically, these types of investigations are conducted over a substantial period of time (years in
most cases) and are associated with voluminous amounts of documentation obtained from various sources.
By their very nature, these investigations are extremely difficult to manage and are even harder to be
presented in a manner that is understandable and successful for prosecution.
ASIS Description: The Analytical System for Investigative Support (ASIS) has as its core an investigative
support "shell" database designed and developed in Microsoft Access. Current versions of the database
support both Access 97 and Access 2000. ASIS provides a means to capture, store, and maintain large
amounts of data that is relevant to a specific money laundering or financial crime investigation or project.
The system includes four basic tables (Subject, Address, Number, and Activity), with associated forms,
queries, and reports. The user that is knowledgeable in "Access" can easily modify or create any queries,
reports and/or forms. The system has been designed and developed as a PC application that is easy to use
and offers maximum flexibility. ASIS eliminates the conflicts that are associated with the user's need for
both flexibility and for a defined structure. It also allows data to be exchanged or ported from one location
to another without redundant data input, which saves an enormous amount of time, resources, and/or data
entry error. The data is input into the database one time; and can be used many times, by different people.
with various analytical tools, in support of that specific investigation. ASIS was designed and developed
at FinCEN with enhancements provided by various federal law enforcement personnel.
The mission of FinCEN is to support law enforcement investigative efforts and foster
interagency and global cooperation against domestic and international financial crimes
and to provide U.S. policymakers with strategic analyses of domestic and worldwide
money laundering developments, trends, and patterns. FinCEN works toward those ends
througb information collection, analysis, and sharing, is well as technological assistance
and innovative, cost-effective implementation of the Bank Secrecy Act (BSA) and other
Treasury authorities.
FinCEN's activities support Treasury's strategic goal to "Combat Money Laundering and
Other Financial Crimes" as well as Treasury's top priorities—the fight against terrorist
financing and money laundering. The bureau's strategic objectives include:
- Identify financial Crime Trends and Patterns for law enforcement, regulators,
and financial institutions by applying strategic analysis techniques to an array of data
collected pursuant to the BSA, obtained through commercially available sources, or
received by law enforcement.
- Administer the BSA Effectively in partnership with the financial services industry,
the financial regulatory agencies, and the law enforcement community in order to
support the prevention and detection of money laundering, terrorist financing, and
other financial crimes.
M/U/JD02
NCTA000066603
WITH DRAWAL NOTICE
RG: 148
Box: 00001 Folder: 0002 Document: 7
Series: Team 4 Files
Copies: 1 Pages: 9
ACCESS RESTRICTED
The item identified below has been withdrawn from this file:
In the review of this file this item was removed because access to it is
restricted. Restrictions on records in the National Archives are stated in
general and specific record group restriction statements which are available
for examination.
NND:401
Withdrawn: 10-01-2008 by
Financial Crimes
Enforcement Network
(FinCEN)
2003-2008
Strategic Plan