The Cornerstone Report: Volume 3, Issue 1

ICE Dismantles Major Narco-Money Laundering Group in Puerto Rico

Bundles of cash seized in Puerto Rico.

An ICE investigation based in San Juan, Puerto Rico has resulted in the arrest of eight persons involved in a complex drug money laundering scheme that covered the United States, Europe, the Caribbean and South and Central America.

The eight individuals arrested are charged with money laundering (18 USC 1956) for their alleged membership in several money laundering and drug trafficking organizations operating out of Puerto Rico. The 11-count indictment alleges that the individuals are responsible for laundering at least $17 million through the Black Market Peso Exchange (BMPE) scheme.

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ICE Expands Financial Investigations to Combat Growing Money Laundering Threats

Newark ICE Agents Seize $5.7 Million, Luxury Vehicles in Massive Benefits Fraud Case

Congressional Testimony from Kevin Delli-Colli Regarding “CTR Utility”

ICE Dismantles Major Narco-Money Laundering Group in Puerto Rico

Man Pleads Guilty to Operating Unlicensed Money Transmitting Business

Cornerstone is U.S. Immigration and Customs Enforcement's (ICE) comprehensive investigative initiative for fighting financial crime, trade fraud and intellectual property crime.

The Cornerstone Report is a quarterly bulletin highlighting key issues related to ICE financial and trade investigations.

The Cornerstone Report covers a broad range of topics related to financial investigations and potential vulnerabilities in the financial and trade sectors.

We strive to present clear thinking by knowledgeable observers that can be read with ease and pleasure by both professionals and a general audience, and we’re happy to review unsolicited submissions for potential publication in the newsletter.

If you would like to submit an article for publication or simply find out more about how you can participate in the Cornerstone initiative, drop us an e-mail at cornerstone@dhs.gov.