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From Cartels to Commerce: Drug Money in the US Financial System
Presented by Michael DeBlis III
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Course Description
Length: 1h 27min Published: 10/15/2026 
This presentation by Mike Tablis delves into the intricate pathways through which drug money infiltrates the US financial system. Drawing from real-life experiences in a white-collar criminal defense firm, the session explores the mechanics of the black market peso exchange, a sophisticated money laundering system used by Colombian cartels. Key legal frameworks, such as IRS Form 8300, currency transaction reports, and suspicious activity reports, are discussed in the context of anti-money laundering efforts. Attendees will gain insights into the historical and legal landscape that has shaped current financial compliance measures.
Learning Objectives
* Understand the stages of money laundering and their implications on the financial system.
* Learn about the black market peso exchange and its role in laundering drug money.
* Explore the legal requirements for financial institutions under the Bank Secrecy Act.
* Discuss the impact of anti-money laundering statutes on drug cartels' operations.
* Examine the historical context and evolution of financial compliance measures post-9/11.
Speaker Q&A
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Presented By:
Michael DeBlis III
Bloomfield, NJ
(973) 783-7000
mjdeblis@deblislaw.com
