16 Sep '12, 6am

Can you swallow #bitcoin? 'Money mules' swallow $40,000 cash

Colombia police said they have arrested two men who had each ingested about $40,000 before trying to enter the country, in what may be a novel form of money laundering. The men were detained separately during the past week at the international airport in Colombia's second city of Medellin and were on flights arriving from Costa Rica, according to security officials. In the past, "mules" have used a similar method to secret contraband narcotics out of the country, swallowing packets of drugs worth thousands of dollars for sale in lucrative overseas markets. But authorities said they were unfamiliar with use of the same technique to sneak cash into the country. "This type of money laundering activity is new in Colombia," said Wilson Patino, a regional immigration director based in the state of Antioquia in northwestern Colombia. The two suspects, a Colombian and a Venezuelan...

Full article: http://news.iafrica.com/worldnews/816713.html

Tweets

Money and the Election

Money and the Election

spectrum.ieee.org 17 Sep '12, 6pm

What role is energy playing in the contest between incumbent U.S. President Barack Obama and Republican challenger Mitt Ro...

How to Manage Your Money When Working Overseas

thefinance.sg 16 Sep '12, 4pm

Working overseas can be an excellent opportunity for just about anyone. Not only to learn about new cultures and new ideas...

Bitcoins and are on the front page of Bitcoin i...

slashdot.org 16 Sep '12, 6pm

"Clover Trail, Intel's newly announced 'Linux proof' processor, is already a dead end for technical and business reasons ....

In Spain They Swap Money for Time

In Spain They Swap Money for Time

care2.com 15 Sep '12, 2pm

Babysitting services in exchange for French or Spanish lessons? This barter/exchange system worked perfectly for my friend...

How to Manage Your Money When Working Overseas ...

thefinance.sg 16 Sep '12, 4pm

Working overseas can be an excellent opportunity for just about anyone. Not only to learn about new cultures and new ideas...

Money-Laundering Inquiry Said to Aim at US Bank...

cnbc.com 16 Sep '12, 6am

The surge in investigations, compliance experts say, is coming now because authorities were previously inundated with prob...

Money and Happiness: I have never accepted that money was the root of all evil. Yet the way of peace has to face...

Money and Happiness: I have never accepted that...

care2.com 16 Sep '12, 12pm

I have never accepted that money was the root of all evil. Yet the way of peace has to face the current dominance of greed...

Why the @BristolPound marks a new era for local money

Why the @BristolPound marks a new era for local...

neweconomics.org 19 Sep '12, 2pm

. The Bristol Pound is the first UK scheme to partner with any kind of deposit-taking financial institution - the Bristol ...