Nov 28, 2011

Drug War - Money Laundering: U.S. blacklisting seems to have little consequence in Mexico

Third article in a Los Angeles Times series on Mexico drug cartel money laundering "The U.S. government has blacklisted more Mexican individuals and companies this year than any other single country or group.... Three hundred Mexicans and 180 Mexican companies are on the so-called kingpin designation list, the Treasury Department's roster of people and entities suspected of laundering money for drug traffickers or working for them in other capacities. U.S. banks, companies and people are barred from doing business with them.

The sanctions list is not at all binding inside Mexico. Unlike Colombia, Mexico does not have laws that allow authorities to freeze assets of a person or company, or otherwise punish them, just because they appear on a U.S. blacklist." read more

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