American Banks ‘High’ On Drug Money: How a Whistleblower Blew the Lid Off Wachovia-Drug Cartel Money Laundering Scheme
By Clarence Walker, AlterNet
Posted on June 10, 2011, Printed on June 13, 2011
Martin Woods, an Englishman in his mid-40s, is blessed with a Sherlock Holmes instinct and demeanor. Woods is an expert at sniffing out “dirty” money passing through International Banking Systems.
A police officer for 18 years and later a detective with London Metro Police Agency, Woods capitalized on his unique expertise as a fraud expert by joining Wachovia’s London-based Bank in March 2005 as an anti-money laundering officer.
It wasn’t long after taking the job that he discovered that his own employer, one of America’s leading banks, was a major player in aiding the “bloodthirsty” Mexico drug cartels to launder billions of dollars in drug money through Wachovia banks. Woods traced and identified a “number of suspicious transactions” related to Mexico-based Casa de Cambios (CDC).