062.pdf22.38 KB
A multi-agency money laundering/marijuana trafficking investigation was initiated following the filing of a SAR by a bank in Tennessee. The SAR disclosed that an individual was depositing large amounts of U.S. currency into three bank accounts. The deposits ranged from $5,000 to $25,000 with the majority of the deposits consisting of one hundred dollar bills. Approximately $1.2 million was deposited into these accounts during a one-year period. Thus far, seven defendants have been indicted on multiple counts of money laundering and marijuana trafficking. Two of the defendants have pled guilty and are awaiting sentencing.
(Source: U.S. Customs Service)