Are there shadow bankers that provide capital / do M&A for illegal enterprise? Think drug dealing, contraband, etc. I was just thinking and realized that massive structured illegal enterprises likely need some sort of ibanking services to fund growth and operations. Would be interested to hear about this if anyone knows more about this topic. I am not endorsing nor intending to participate in illegal activity.
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Have you tried HSBC or Deutsche? They are really good at this.While not banking, I hear HHM has an associate named Jimmy McGill who also specializes in that area.
Credit Suisse has the most prestigious narcotics group on the street
I would imagine that the "bank" is the ruling family and its self funding, since everything is so cash heavy.
Or they provide "credit" to their dealers, with the drugs being collateral (or they'll kill you).
No one is drawing down a revolver to buy their coke for the next week.
With access to cash, you don't need a bank - the heads of cartels and crime families have cash to fund their operations.
Read about Nugan Hand bank, served as a front for CIA drug/weapons smuggling in the 70s. One could speculate that Deutsche fills a similar role today, albeit on a much larger scale. It's funny that despite the 50 year war on drugs, the cartels only accumulated more wealth and power. I don't think that would be possible without some kind of institutional support...
I hear Marty Byrde could provide services like these.
Probably the local banks in corrupt/crime destination countries. May be directly/indirectly owned by crime families/syndicates/cartels/royalty, and would provide a window for money laundering, international transfers, and storage. As for actually providing credit in a banking sense, I doubt that's a thing.
I could see services like in The Accountant existing, but you probably want less people in the know on your drug opp so a fairness opinion isn’t in the cards haha. Aside from that, as other comments have said prolly makes sense they are self funding given the high margin nature of crime
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