Do you remember Oscar Aguilar* ? The Mexican national, living in Brownsville, bulk cash smuggled narco-dollars over the border, into Matamoros. Here is his method:
(1) He had his associates open several accounts at the local branch of Bank of America.
(2) money mules would then deposit drug profits at B of A branches in Florida.
(3) His Brownsville associates then drew it out in amounts less than $10,000.
(4) Aguilar then moved it into Mexico.
Sr. Aguilar has now received a fourteen year sentence. He also must pay $1.8m, and he will be deported to Mexico at the end of his sentence.
If you are a regular customer at Bank of America, you may have noticed recently that the bank tellers now routinely ask you if you are the person whose account you are depositing the funds into. Are they responding to the lessons learned in the Aguilar case ? perhaps.
*Texas Bulk Cash Smuggling Ring Moved money internally through Bank of America