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Mexican Cartel Suspected Of Laundering $2M Through Kansas Bank

wikipedia.org

A federal Drug Enforcement Agency affidavit obtained by the Associated Press says a Mexican cartel is suspected of laundering $2 million dollars in drug proceeds through Plains State Bank in Kansas, to avoid tighter restrictions on U.S. currency in its home country.

A search warrant filed Tuesday in federal court lays out the investigation into alleged money laundering between 2011 and 2014 by a cartel known as the Mexican Mennonites and others.

The warrant was executed against a former banking official.

Plains State Bank senior vice president Lindsey Schartz says two ex-employees named in a Drug Enforcement Administration affidavit no longer work there.

The case was sealed yesterday after the AP contacted prosecutors.

U.S. Attorney Barry Grissom says it is an ongoing investigation. No charges have been filed.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.