Black Market Peso Exchange (BMPE) is a way of laundering money, or to make illegitimately earned monies seem legit, hiding the criminal activity that created the income.

It is really no different than other common forms of laundering money but a term was created to capture the massive amount of activity that takes place to clean drug money.
About the Author: Marcus Maltempo is a compliance professional with more than a decade of experience helping banks, law firms and clients manage investigations and regulatory responses.