Remittance shops used to launder drug money

Who knew?
Two hundred federal agents and police raided 25 money remitter stores yesterday in the metropolitan area, seeking more than two dozen people charged with turning the businesses into money-laundering operations for the leaders of drug cartels...

The remitter stores, sometimes called "people's banks" and usually located in poorer or minority neighborhoods, are legal businesses that remit - or send - money by wire, usually to family members overseas...

...Contributing to the popularity of the remitter shops is that a number of banks have halted involvement recently in the remitting business because of increased paperwork required by the government crackdown on possible sources of funding for terrorists overseas...
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