The Bank of Italy has released a report warning that the "threat of (money) laundering in Italy is significant due to the spread and pervasive nature of organised crime, corruption and tax evasion" as reported by ANSA. Thanks, Captain Obvious.
Juan Francisco Saenz-Tamez, a one-time boss for the Gulf cartel, has been sentenced to 30 years after pleading guilty to drug trafficking and money laundering in a federal court in Beaumont, TX as reported by KGBT.
The 23-year-old was nabbed last October when spending some of his hard-earned cash on a shopping spree in Edinburg, TX which is just over the border from Reynosa, Mexico where the Gulf cartel bases its smuggling operations.
Saenz-Tamez got his start in the narco business as a 15-year old boy serving as a lowly lookout for the Gulf cartel, and in just a few short years became a big boss.
Federal prosecutors have indicted 13 individuals, including patrol officer Michael Rounsville, for their alleged roles in drug trafficking and money laundering in Jacksonville, FL as reported by Dan Scanlan for The Florida Times-Union: "prosecutors said multiple people conspired to conduct financial transactions from May 2012 through January 2013 with profits from the distribution of the illegal drug ecstasy, according to an undercover agent in court documents.