Printer friendly

What does BCS stand for?

BCS stands for Bulk Cash Smuggling

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Military and Government
  • Business, finance, etc.

See other meanings of BCS

Other Resources:
We have 552 other definitions for BCS in our Acronym Attic

Samples in periodicals archive:

The alternative is bulk cash smuggling, carrying suitcases of cash across the border from other places," Jonathan Schanzer, the vice president for research at the Foundation for Defence of Democracies and a former terrorism finance analyst at the United States Treasury, told the New York Times.
Both leaders expressed satisfaction with progress made and endorsed areas of further engagement in each of the Homeland Security Dialogue Sub-Groups, namely: (a) Megacities Policing; (b) Combating Illicit Finance, Bulk Cash Smuggling, and Counterfeiting; (c) Cybersecurity and Critical Infrastructure Protection; (d) Port, Border, Maritime, Transportation and Supply Chain Security; (e) Science and Technology Cooperation; and (f) Capacity Building.
Addressing a four-day workshop on the Interdiction and Investigation of Bulk Cash Smuggling (BCS) at Serena Hotel on Sunday, the minister said a handful of people were involved in stealing funds meant for development activities.
``For instance, some money launderers have switched to bulk cash smuggling after finding it harder to launder large amounts of money through financial institutions.
Rijock introduced himself to Congress saying: "My name is Kenneth Rijock, and I am a veteran of over one hundred domestic and international bulk cash smuggling operations, all of them successfully completed.
These checks that were first convetted from cash were ultimately mailed overseas to individuals in Jordan and Palestinian controlled territories, allowing the Defendants to avoid the legal requirements for moving money in excess of $10,000 overseas, otherwise known as bulk cash smuggling," the indictment said.