The US authorities have arrested the owner and two employees of Texas-based footwear retailer, ERENE, for their alleged roles in an estimated US$100 million trade-based money laundering (TBML) scheme.

A 61-count indictment charges business owner, Jose Luis Rodriguez, assistant manager, Jorge Penuelas, and another employee, Manuel Rodriguez, with multiple money laundering conspiracy charges....Log into your ATFCP account to access content at Association of Trade Finance Compliance Professionals.