Wachovia Facilitates Narco-Terrorism

Wachovia Drug Problems - Money Laundering - Ken Thompson has no shame!
Wachovia Is Under Scrutiny In Latin Drug-Money Probe
online.wsj.com/article/SB120917664876446995.html?mod=googlenews_wsj
Federal prosecutors are investigating Wachovia Corp. as part of a broad probe of alleged laundering of drug proceeds by Mexican and Colombian money-transfer companies, according to people familiar with the matter.

Wachovia Is Under Renewed Scrutiny After Report on U.S. Probe
www.bloomberg.com/apps/news?pid=20601087&sid=avM_8rymsDOQ&refer=home
Wachovia Corp.'s business practices drew scrutiny for the second time in as many days after a report that the bank has been ensnared in a federal probe of drug-money laundering tied to Mexican and Colombian transfer companies.

Feds look at Wachovia in drug money probe
money.cnn.com/2008/04/26/news/companies/wachovia_mexico/
The bank is being investigated by prosecutors as part of a probe into alleged drug money laundering by Mexican and Colombian money-transfer companies, according to the Wall Street Journal.

More Wachovia Drug Running Money Laundering Problems, Layoffs, Bilking the Elderly not enough!

Cartel Launders Cash Through Banks, Universal Says (Update1)

www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=WB:US&sid=aiyhERybhOGM

Cartel Launders Cash Through Banks, Universal Says (Update1)
By Andres R. Martinez

July 2 (Bloomberg) -- A Mexican drug cartel laundered $13 million through Bank of America Corp. and Wachovia Corp. to help finance the purchase of airplanes used for narcotics trafficking, El Universal reported, citing a government report.

The Sinaloa cartel used money-changing institutions in Mexico to wire the funds to U.S. banks from 2003 to 2007, the Mexico City-based newspaper reported, citing a report from Mexico's attorney general and the U.S. Drug Enforcement Administration.

The planes were used to move cocaine between Mexico, Colombia, Venezuela and Central America, the newspaper reported. The article didn't say whether anyone had been arrested or charged in connection with the money laundering.

``Wachovia cooperates with law enforcement and is committed to maintaining a strong anti-money laundering program,'' spokeswoman Christy Phillips Brown said. She declined to comment on the specifics of the article.

A message left with Bank of America spokeswoman Shirley Norton wasn't immediately returned. Both banks are based in Charlotte, North Carolina.

To contact the reporter on this story: Andres R. Martinez in Mexico City at amartinez28@bloomberg.net

Last Updated: July 2, 2008 16:33 EDT