How BMPE Got Its Groove Back

3 May 2019 Mo Ruehsen

MdMR Consulting, Inc. and

Middlebury Institute of International Studies

Narcos in Mexico

Narcos in Mexico

Broker

$ cash from drug sales

Narcos in Mexico

Broker

$ cash from drug sales

Structured deposits via team of smurfs

Narcos in Mexico

Broker

$ cash from drug sales

Layered into the accounts of “import-export companies”

Structured deposits via team of smurfs

Mexican importers

Narcos in Mexico

Broker

$ cash from drug sales

US manufacturers

Layered into the accounts of “import-export companies”

payment

Structured deposits via team of smurfs

Mexican importers

Narcos bank account in Mexico

Broker $ cash from drug sales

US manufacturers

Layered into the accounts of “import-export companies”

payment

Structured deposits via team of smurfs

Pesos

Pesos

Broker

Mexican importers

Narcos

Broker $ cash

Front companies in US

Broker

Broker

Mexican importers Narcos

Broker

$ cash

Front companies in US

Broker

Broker

Mexican importers Narcos

Broker $ cash

Front companies in US

Broker

Broker

Mexican importers

Narcos

Broker $ cash

Front companies in US

Broker

Broker

Mexican importers

Narcos

Broker $ cash

Front companies in US

Broker

Broker

Mexican importers

Narcos

Broker $ cash

Front companies in US

Mexican importers

Broker

Narcos bank account in Mexico

Broker $ cash

Front companies in US

Iranian exporters wishing to get paid

Wellington Trading Co., BVI (run by another broker)

Iranians wanting to send money out of country, and Iranian importers

Dubai

via broker

Iranian exporters

Wellington Trading Co., BVI (run by another broker)

Iranians wanting to send money out of country, and Iranian importers

Dubai

via broker

Iranian OIL company, carpet manufacturer, pistachio and pomegranate syrup distributor exporting to Asia

Wellington Trading Co., BVI (run by another broker)

Iranians wanting to send money out of country, and Iranian importers

Dubai

via broker

Iranian OIL company, carpet manufacturer, pistachio and pomegranate syrup distributor exporting to Asia

Wellington Trading Co., BVI (run by another broker)

Wire transfer of US Dollars

Iranians wanting to send money out of country, and Iranian importers

Dubai

via broker

Iranian OIL company, carpet manufacturer, pistachio and pomegranate syrup distributor exporting to Asia

Wellington Trading Co., BVI (run by another broker)

Wire transfer of US Dollars

Iranians wanting to send money out of country, and Iranian importers

Payment for goods shipped to Iran via Dubai

Dubai

via broker

Iranian OIL company, carpet manufacturer, pistachio and pomegranate syrup distributor exporting to Asia

Wellington Trading Co., BVI (run by another broker)

Wire transfer of US Dollars

Iranians wanting to send money out of country, and Iranian importers

Payment for goods shipped to Iran via Dubai

Dubai

via broker

Iranian OIL company, carpet manufacturer, pistachio and pomegranate syrup distributor exporting to Asia

Wellington Trading Co., BVI (run by another broker)

Wire transfer of US Dollars

Iranians wanting to send money out of country, and Iranian importers

Payment for goods shipped to Iran via Dubai

Dubai

via broker

Iranian OIL company, carpet manufacturer, pistachio and pomegranate syrup distributor exporting to Asia

Wellington Trading Co., BVI (run by another broker)

Wire transfer of US Dollars

Iranians wanting to send money out of country, and Iranian importers

Payment for goods shipped to Iran via Dubai

Dubai goods

via broker

CHINA

•)

Chinese Bank2

,,,_ •)

P ersonal Accounts Chinese

I Bank I

Owner

I

' @ A�����t faRKBankRep

,-Owner-

Dollar Green Forest Co.

I Director OT

er/

Accrunt (example name)

I Director

I Director

S"'

Chinese National

HONG KONG

•)

Hong Kong Bank I

t.3r-!tl,. Dollar Euro Accrunt _i_ Accrunt

VVivid Technology Ltd

(example name)

DPRK Bright Star Trading (example name)

I ----OverseasRepresentative------t-----lt--&,,*•--Bark-r,a r,at."1,; t."1,;Director

I s--Director--·

Chinese National Tall Mountain Technology Co. (example name)

DPRK Bank Dollar Euro Accrunt Accrunt

SOUTHEAST ASIA COUNTRY 1

�-Bark-�,.

�,.

--Bark-- 'I

SEA Bank I Checking Checking SEA Bank 2

IAccount

\ /ccount 2

I Bark Owner Owner Bark

I \ 1

I �·� @, ,[,:; Accrunt • Accrunt

I Informal Control Owner ./

I ....... /

--� Account Holder KOMAL Trading

(example name)

I Director

I s

SEA National

..,,' DPRK National ·········,., Accrunt Accrunt Informal I Control owner

', ·· .. �Rich Win

General Trade (example name)

I Director

I

s SEA National