COLUMBIA, SC (WCSC) - Over 100 law enforcement officers, state and federal prosecutors, and members of the SC National Guard gathered in Columbia Thursday to learn about how money is now being transferred without the use of banks.
THey will also learn how those potentially illegal transactions can be tracked. Controlling the flow of money is key to curtailing drug, human and weapons trafficking, a release stated.
Last year, officials said, in the Horry-Georgetown area alone, it is alleged over $500 million was transferred out of the country through money service businesses.
A large number of these transfers included the illicit proceeds from drug, human, and weapons trafficking.
Thursday's conference was co-sponsored by the South Carolina Army and Air National Guard and the South Carolina Attorney General's Office. The forum was geared toward those investigating and prosecuting narcotics, white collar / financial crimes, human trafficking and terrorism.