HAS BULK CASH SMUGGLING TO MEXICO INCREASED ?

$3m

Are US banks making it so difficult to deposit large amounts of bulk cash, and to send it to tax haven banks, that bulk cash smuggling into Mexico is increasing ? This week, a Volkswagen Passat was seized, in San Diego County, containing $3,180,000 in cash. The vehicle was headed south, riding with another smuggling car, which was also seized, and found to contain bulk cash.

Are the AML/CFT actions of American compliance officers finally deterring the deposit of illicit cash in our banks ?