SC does not regulate cash transfers
Police say South Carolina should regulate cash transfers to combat the activities of gangs, drug traffickers and other criminals.
The Beaufort Gazette reported (http://bit.ly/uuXyMa) South Carolina and Montana are the only states without laws allowing state and local agencies to license, investigate, fine and close money service businesses that wire money.Police and prosecutors say the state should close a loophole that allows criminals to use money service businesses to launder billions of dollars.The FBI says the businesses have become an important method for transferring money to finance crime.Beaufort County Sheriff P.J. Tanner says reviewing those transactions would identify people who finance and direct criminal operations.
