The laundering of drug money by U.S. banks, a multi-billion dollar enterprise, is not new.
Martin Woods, an Englishman, capitalized on his unique expertise as a fraud expert and joined Wachovia’s London-based Bank in 2005 as an anti-money laundering officer. He blew the whistle on that bank’s money laundering activities, but sadly, although Wachovia Bank executives confessed to laundering billions of dollars in drug money, no one was ever criminally charged or indicted.
