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National Association of Broadcasters

WMBF Exposes Billion-Dollar Money Laundering

Topic: Investigative Reporting
Posted on 6/1/2016

Raycom Media’s NBC affiliate WMBF-TV Myrtle Beach, S.C. won a regional Emmy on June 11 for “Dirty Money,” a story that exposed a billion-dollar money laundering industry operating in South Carolina. WMBF showed that fewer than 10 percent of the 3,000 money transfer services operating in Horry and Georgetown Counties are registered with the state. Those businesses wired nearly $700 million a year to addresses operated by Hezbollah and cartels in Mexico and Columbia. Two months after WMBF aired the story, State Representative Alan Clemmons filed the South Carolina Anti-Money Laundering Act. Governor Nikki Haley signed the bill into law on June 9.

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