Slashdot Mirror


Sniffing Out Billions In US Currency Smuggled Across the Border To Mexico

An anonymous reader writes "Criminals smuggle an estimated $30 billion in U.S. currency into Mexico each year from the United States, most of it laundered drug money. But researchers say help is on the way for border guards in the form of a portable device that identifies specific vapors given off by U.S. paper money. "We're developing a device that mimics the function of trained dogs 'sniffing' out concealed money, but without the drawbacks, such as expensive training, sophisticated operators, down time and communication limitations," says Suiqiong Li, Ph.D., a member of the research team behind the technology. When developing the device, the researchers first had to figure out which gases money emits and how fast that happens. It turned out that the gases are a set of trace chemicals, including aldehydes, furans and organic acids." What do bitcoins smell like?

29 of 158 comments (clear)

  1. Lieutenant Colonel Bill Kilgore by alphatel · · Score: 2

    Smells like... Victory

    --
    When the foot seeks the place of the head, the line is crossed. Know your place. Keep your place. Be a shoe.
  2. Bitcoins? by gstoddart · · Score: 5, Funny

    What do bitcoins smell like?

    Despair, irony, and a touch of vermouth.

    --
    Lost at C:>. Found at C.
    1. Re:Bitcoins? by Richard+Dick+Head · · Score: 2

      They smell like Magic Smoke, of course!

      Just like Red Hat Linux 6.1 bitcoin is incompatible with magic smokeless CPUs.

  3. What about the CIA? by Anonymous Coward · · Score: 4, Interesting

    We already know the CIA is very much involved in the Mexican drug trade, and I don't mean in the trying-to-stop-it department. Are those billions still going to be allowed to pass through?

    Ah, who am I kidding. Of course they are. Because corrupt government has decided that it can do as it pleases.

  4. How to seriously stop drug money laundering by Anonymous Coward · · Score: 5, Informative

    https://www.google.com/search?&q=banks+helping+drug+cartels

    Banks Launder Billions of Illegal Cartel Money While ...
    www.huffingtonpost.com/.../banks-cartel-money-lau...
    The Huffington Post
    Jan 17, 2014 - The hypocrisy of the role that banks play in the drug trade is ... power is that well-known and popular banks are supporting their finances.

    Awash In Cash, Drug Cartels Rely On Big Banks To ... - NPR
    www.npr.org/.../awash-in-cash-drug-cartels-rely-on-big-banks-to-la...
    NPR
    Mar 20, 2014 - The multi-national bank was heavily penalized several years ago for permitting huge transfers of drug cartel money between Mexico and the ...

    How Bankers Help Drug Traffickers and Terrorists ...
    www.nytimes.com/.../how-bankers-help-drug-traffi...
    The New York Times
    Jan 2, 2013 - The bank also admitted to using various schemes to move hundreds of ... the collaboration between Mexican and Colombian drug cartels and ...

    How a big US bank laundered billions from Mexico's ...
    www.theguardian.com News World news Drugs trade
    The Guardian
    Apr 2, 2011 - As the violence spread, billions of dollars of cartel cash began to seep ... How a big US bank laundered billions from Mexico's murderous drug gangs ..... is prepared to offer significant help to stabilise a new Iraqi government.

    Big Banks Launder Hundreds of Billions of Illegal Drug ...
    www.washingtonsblog.com Politics / World News
    Jan 14, 2014 - After all, they support some ruthless, criminal drug cartels. On the .... not to mention that the medicinal chemicals in MJ greatly help people with ...

    HSBC Judge Approves $1.9B Drug-Money Laundering Accord
    www.bloomberg.com/.../hsbc-judge-approves-1-9b-drug...
    Bloomberg L.P.
    Jul 3, 2013 - The bank, Europe's largest, agreed to pay a $1.25 billion forfeiture and ... Lack of proper controls allowed the Sinaloa drug cartel in Mexico and ...

    Banks Financing Mexico Gangs Admitted in Wells Fargo Deal
    www.bloomberg.com/.../banks-financing-mexico-s-drug...
    Bloomberg L.P.
    Jun 29, 2010 - Drug traffickers used accounts at Bank of America in Oklahoma City to .... letter his efforts had helped the U.S. build its case against Wachovia.

    The Ugly Truth Behind Major Banks Financing Mexico's ...
    elitedaily.com/.../shadowy-role-banks-play-financing-mexicos-drug-cart...
    by Aaron Kaufman - Feb 21, 2014 - Last December, the British bank HSBC agreed to a settlement with the US ... Prosecutors claimed that on some days, drug traffickers would ... Meet The 14-Year-Old Boy Who Helped Legalize Medical Marijuana In New York.

    HSBC accused by Senate of allowing billions in Mexican ...
    www.cbsnews.com/.../hsbc-accused-by-senate-of-allowing-bill...
    CBS News

  5. Re:Sniffs out.. by jeffmeden · · Score: 2

    ... the traces of cocaine that can be found on every single U.S. treasury note.

    Presumably the cocaine traces are thanks to this exact smuggling operation; someone gets clean money from their bank, buys some coke, the bill gets handed up and up and up the drug hierarchy and ends up in Mexico to be used mostly to pay gun runners for premium US goods, which then ends up back in circulation in the US. I wonder if they could not only find the money but deduce what kind of drug ring is behind it...

  6. Re:Easier option by Minwee · · Score: 2

    They could also skip the dogs and just use out of work A&R execs.

  7. Bitcoins smell like by Anonymous Coward · · Score: 2, Funny

    Neck beard and a superiority complex

  8. Ah, damn it! by fuzzyfuzzyfungus · · Score: 5, Funny

    I only switched to carrying sacks of bills across the border in the dead of night because dealing with those assholes at HSBC when I needed money laundered was too much trouble. I'll be seriously upset if enhanced security means I have to re-open my account with them. They wouldn't even upgrade me to Narcoterrorist Platinum Checking unless I provided proof of having ordered at least 50 grisly killings personally, or qualified for MegaMule Rewards by transporting more than a metric ton of high quality cocaine per quarter...

  9. Wont matter by TheCarp · · Score: 5, Insightful

    Problem here is they are not looking for anything that is evidence of a crime. It is legal to carry money over the border up to a certain amount so, the smell of money doesn't actually indicate any crime, and isn't evidence of any crime.

    Sounds like a bunch of bullshit to justify expenditures on cool new technology which will be quickly mothballed after its found to be useless or ruled by the courts to not be justification for extra scrutiny.

    --
    "I opened my eyes, and everything went dark again"
    1. Re:Wont matter by Typical+Slashdotter · · Score: 2

      They don't need a reason to do a search or give extra scrutiny at a border crossing. Furthermore, carrying more than $10,000 in cash across the border without reporting it is illegal.

    2. Re:Wont matter by iggymanz · · Score: 3, Funny

      rub it on your crotch for a really good time when travelling

    3. Re:Wont matter by mbone · · Score: 5, Insightful

      Problem here is they are not looking for anything that is evidence of a crime. It is legal to carry money over the border up to a certain amount so, the smell of money doesn't actually indicate any crime, and isn't evidence of any crime.

      Won't stop them from seizing it anyway.

    4. Re:Wont matter by TheCarp · · Score: 2

      But less than 10k is not illegal and even quite common, as in, you can pretty much expect everyone is carrying some amount. As such, everyone should be expected to be putting off these gasses. So basically....this is just a prop that can be used to justify a search on anyone they want to search but don't want to give the real reason.

      --
      "I opened my eyes, and everything went dark again"
    5. Re:Wont matter by TheCarp · · Score: 2

      If it can't tell the difference between $9999 and $10,000 then its not good enough in my book. Then again, I can't think of any good reason to limit the cash people can travel with. However, protecting people from unreasonable search is more important by far than anything they are otherwise triying to do...it is supposed to be, one of their highest priorities!

      --
      "I opened my eyes, and everything went dark again"
    6. Re:Wont matter by Typical+Slashdotter · · Score: 2

      I assume this can distinguish between someone with cash in their wallet and a suitcase full of $100s...

    7. Re:Wont matter by jratcliffe · · Score: 3, Informative

      There's no limit on how much cash you can carry across the border - you just need to declare it if you have over $10k.

  10. Decriminalize Drugs to defund terrorists and gangs by Anonymous Coward · · Score: 4, Insightful

    The result of the puritanical and hypocritical war on drugs has been countless lives lost, Billions and Billions spent on fruitless efforts and a strengthening of criminal gangs and terrorist groups which aren't shy about using thuggery and corrupting law enforcement and the government in order to make money. People suffer and as long as nobody is committing fraud in what they are selling, then people should be able to buy whatever rat poison they want and do with it what they want. People have a right to their own bodies. When drug use gets out of hand then civil commitment and medical care are what is needed, not police, courts and jails.

  11. Re:Wrong problem to focus on by oodaloop · · Score: 5, Insightful

    There is not a lot of problems associated with drug money going to the Mexico.

    30 billion a year going into the hands of violent drug cartels isn't a problem? I disagree.

    On the other hand, waves of unskilled, poor, desperate people and who can't legally work here is a recipe for social problems that will last generations.

    Are you American Indian? If not, from which wave of poor desperate immigrants did your family arrive?

    --
    Tic-Tac-Toe, Global Thermonuclear War, and relationships all have the same winning move.
  12. Re:Wrong problem to focus on by liquid_schwartz · · Score: 2

    Perhaps he learned from the Indian experience and doesn't want to repeat that. Immigration can be a net win (skilled labor) or a net loss (unskilled labor), it's all in how you play the game. Unfortunately as the US tries its level best to self destruct we have chosen the worst of all worlds by allowing in *huge* amounts of unskilled while only keeping the skilled labor long enough to train them and send them back.

  13. What does MY money smell like? by mi · · Score: 3, Informative

    most of it laundered drug money ... What do bitcoins smell like?

    I'm far more concerned, whether the smell of my honestly-earned money is any different from that of the laundered drug proceeds. I suspect, the smell is exactly the same and, should I ever choose to cross the border with substantial cash, these devices will point me out. A major loophole in American (and English) legal system, allows seizure of "suspect" assets even if the person himself can not be arrested.

    Now, why would an honest citizen need to carry his cash with him?.. Oh, well...

    --
    In Soviet Washington the swamp drains you.
    1. Re:What does MY money smell like? by TheCarp · · Score: 2

      > Now, why would an honest citizen need to carry his cash with him?.. Oh, well...

      That certainly seems to be the attitude of the aristocracy here. Maybe they should ask the 78 year old German woman who was caught traveling with $40k on her person.

      Thank god these thugs are out there...protecting us from old women who don't trust banks! Just think what might have happened if she hadn't been caught. I, for one, am glad our jack booted border enforcers have no fear of the geriatric maffia. Kudos to them for standing up to a dangerous old woman!

      --
      "I opened my eyes, and everything went dark again"
    2. Re:What does MY money smell like? by TheCarp · · Score: 3, Interesting

      Actually she did fill out the form. Its just that the number she gave verbally didn't match. I don't know about you, but I consider it unreasonable to expect people to be able to randomly come up with and remember numbers like that since... well I know a lot of humans and evidence shows its something most of us are terrible at....and many people at the age of 78 have particular trouble with.

      And...well...fuck the law. There is no reason for this law, I personally judge it unjust and personally hold that against every person who chooses to continue doing a job that involves enforcing such a law. In my eyes they are the criminals and she is innocent.

      --
      "I opened my eyes, and everything went dark again"
  14. I agree by Zeorge · · Score: 4, Insightful

    But, I don't think this will happen as a billions of dollars of industry, on both sides of the law, has been built. You have the drug cartels used to the market price and then you have the DEA, etc. who are used to the funding provided by the USG. You legalize the drugs and *POOF* goes the market value of the drugs and the funding to the DEA and all the companies that are fed off via contracts. The majority of the money is now going to the local and state governments in the form of taxes like with cigarettes and alcohol.

  15. Real Solution by CanHasDIY · · Score: 3, Informative

    The real solution, of course, is to legalize marijuana nationally, thus drying up demand for the cartels main cash crop.

    But oh, we can't do that, because it would put so many DEA agents and overpaid government contractors out of work!

    So, they come up with not-even-half-assed solutions that sound good in a press release, and end up being nothing more than yet another tool of citizen subjugation over the long run.

    --
    An enigma, wrapped in a riddle, shrouded in bacon and cheese
  16. Re:Wrong problem to focus on by king+neckbeard · · Score: 4, Insightful

    Why do you think that unskilled labor is a net loss? America was largely built on the cheap labor of immigrants who eventually became part of the culture.

    --
    This is my signature. There are many like it, but this one is mine.
  17. Grandma by sycodon · · Score: 3, Funny

    The can sniff out $41,000 in grandma's bra but they can't find pallets of cash going across the border.

    --
    When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
  18. Re:Decriminalize Drugs to defund terrorists and ga by redeIm · · Score: 2

    Decriminalization isn't good enough; legalize them.

  19. nobody uses cash anymore including the cartels by jimbolauski · · Score: 3, Informative

    The drug cartels started using prepaid cards that you can put $10,000 on. A wallet can hold $100,000 and not draw any attention.

    --
    Knowledge = Power
    P= W/t
    t=Money
    Money = Work/Knowledge so the less you know the more you make