BMPE

(redirected from Black Market Peso Exchange)
AcronymDefinition
BMPEBlack Market Peso Exchange
BMPEBroad Macroeconomic Projection Exercise (Eurosystem)
BMPEBio-Medical Precision Engineering (laboratory; University of Tokyo; Tokyo, Japan)
BMPEBuilding Manufacturing Partnerships Europe
BMPEBuku Maklumat Perniagaan ECM (Equity Capital Market; Malay: Handbook of Business ECM)
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References in periodicals archive ?
In 2014, a major trade-based money laundering case involving the Los Angeles garment district once again demonstrated that Mexican-based drug cartels are using both legitimate businesses and front companies to provide value transfer via the export of goods to Mexico in a variation of the black market peso exchange. The fraud also saves the conspirators from paying taxes on the imports because they are exempt from customs duties under the North American Free Trade Act.
One such trade-based system is the black market peso exchange, through which money launderers furnish narcotics-generated dollars in the United States to commercial smugglers, travel agents, investors, and others in exchange for Colombian pesos.
Tradebased money laundering, such as the black market peso exchange, through which money launderers furnish narcotics-generated dollars in the United States to commercial smugglers, travel agents, investors, and others in exchange for Colombian pesos, remains a prominent method for laundering regional narcotics proceeds.
Money launderers frequently use such alternative laundering methods as the Black Market Peso Exchange and contraband trade to launder the proceeds of illicit funds.
The CFZ serves as an originating or transshipment point for some goods purchased with narcotics proceeds (mainly dollars obtained in the United States) through the Colombian Black Market Peso Exchange. There are approximately 1,400 businesses operating in the CFZ, facilitating opportunities for trade-based money laundering.
Trade-based money laundering, such as the Black Market Peso Exchange, through which money launderers furnish narcotics-generated dollars in the United States to commercial smugglers, travel agents, investors, and others in exchange for Colombian pesos, remains a prominent method for laundering narcotics proceeds.
A substantial portion of illicit revenue also comes from black market peso exchanges or informal value transfers.
In addition to tax evasion and drugs, a substantial portion of illicit revenue comes from black market peso exchanges or informal value transfers.