it is about time. The big money laundering bust successfully executed by the United States Customs Department is the kind of work that our government ought to be doing. Clearly we know that 70 percent of the cocaine and over half the heroin is imported by the multinational drug cartels, like the Colombian Cali cartel and the Mexican Juarez cartel. Finally, the money operations of these international syndicates have been successfully targeted. If we are to get drugs off the streets of our communities, South Central Los Angeles, East Los Angeles and other cities, we must capture, indict and convict the white collar criminals that run the drug trade's money laundering operations and not spend all of our time and resources going after the small time street level criminal. Without the ability to spend the profits of drug trafficking, the drug trade would come to a screeching halt. It is money laundering that keeps the drug trade going. But we must go further. We must also target the American banks who cooperate with foreign banks to launder drug money. Today I wrote to Attorney General Janet Reno to inquire about Citicorp/Citibank's involvement in the latest money laundering raid.
Editor's note · Context
Addressing the importance of targeting money laundering in the fight against drug trafficking.
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