Banks need to watch their accounts for suspicious trade-based transactions, which are a growing money laundering concern, says Kevin Delli-Colli Deputy Assistant Director of the Financial & Trade Investigations Division of U.S. Immigration and Customs Enforcement (ICE). The agency, created in March 2003 with the combination of the law enforcement divisions of the former Immigration and Naturalization Service and U.S. Customs Service, has the broadest law enforcement jurisdiction outside of the Federal Bureau of Investigation, Delli-Colli says. His division focuses on the financing of illegal cross-border activity, such as the smuggling of drugs and other illegal products. Delli-Colli spoke with Fortent...
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