The US authorities have been criticised in an article published by InsightCrime for their “bungled” and apparently lenient approach to the massive trade-based money laundering (TBML) operations of Nidal Waked.

A prominent Panamanian businessman, Waked worked alongside several relatives supporting the financial operations of major Mexican and Colombian drug cartels by providing TBML as a service (Trade-based Financial Crime, 9 May 2016 and 10 February 2017).

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