Dec 20, 2017

Exclusive: Anti-Money Laundering Group Blasts Mexico in Draft Report

By Michael O'Boyle - DECEMBER 19, 2017

Mexican prosecutors are failing to systematically punish money launderers and tax authorities are too lax with potential drug money fronts such as real estate and luxury goods firms, according to a draft report on Mexico’s efforts to fight illicit finance.

The report by the Financial Action Task Force (FATF), an international organization that sets global standards for fighting illicit finance, highlights the tiny dents made by Mexican prosecutors in the financial networks of drug gangs and corrupt officials.

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