MEXICO REFORMS AML EFFORTS – BUT VAST SUMS OF DIRTY MONEY STILL SLIP THROUGH REGULATORY CONTROLS
April 1st, 2017
DESPITE significant progress in tightening anti-money laundering (AML) controls within Mexico, and significant progress in fighting the country’s notoriously violent drug traffickers, the fact is that the amount of dirty money laundered in the country remains eye-wateringly high. Despite headline grabbing events such as the arrest and extradition to the USA (in January) of key players like Joaquín ‘El Chapo’ Guzmán – leader of the Sinaloa cartel, underlying problems in Mexican AML policy remain, including budget cuts to AML-related law enforcement and ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.