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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?

6 of 158 comments (clear)

  1. Bitcoins? by gstoddart · · Score: 5, Funny

    What do bitcoins smell like?

    Despair, irony, and a touch of vermouth.

    --
    Lost at C:>. Found at C.
  2. 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

  3. 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...

  4. 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 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.

  5. 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.