Tag Archive for Black Market Peso Exchange

Lifting The Veil On The Black Market Peso Exchange – Part II

THE MECHANICS

The Black Market Peso Exchange (BMPE) consists of two interrelated activities. One occurs in Colombia: the purchase of accumulated drug dollars in America. And the other occurs in the United States: the actual delivery of drug dollars to the money exchanger’s associate in the United States.

1. Purchase of Dollars in Colombia

The BMPE process begins when the cartel financial manager is contacted by his cartel representative in the United States, and advised that a particular trafficking organization in Miami is ready to turn over money owed to the cartel. For purposes of this example, a Read More

Written by | Posted in Federal • IRS • Treasury Regulations

Lifting The Veil On The Black Market Peso Exchange – Part I

The date is July 2, 1991. Piled upon rectangular tables are stacks of United States dollars. The stacks reach three feet high and completely cover the table’s surface. The tables extend from one side of the meeting room to the other, half the distance of a football field. The dollars make a level surface for most of the distance, except for the occasional hill, and a speaker’s podium in the center.

In front of the speaker’s podium on the ground, are bags stacked one upon another reaching higher than the tops of the tables. These bags bear the markings of the Federal Reserve and although nothing green can be observed, they leave no doubt that they are filled with United States currency. Read More

Written by | Posted in Federal • IRS • Treasury Regulations