Mexico Still Struggling to Combat Money Laundering: Reports

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November 6 2017

Several recent government reports show that Mexico continues to struggle with combating money laundering, a longstanding problem exacerbated by a lack of political will and an overemphasis on militarized responses to crime. A classified Mexican government report accessed by Reuters highlights the seriousness of the problem of illicit financial flows in Mexico. According to the report, which is set to be submitted to an international anti-money laundering body known as the Financial Action Task Force (FATF) and has not yet been made public, “the view is that the risk represented by illicit funds susceptible to money laundering in Mexico generated within the jurisdiction is HIGH.”