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Mexico’s Ambitious AML Overhaul Stalls, Gets Whittled Down by Critics
By Colby Adams
printKey features of an anti-money laundering strategy to combat drug trafficking organizations pitched last year by Mexican officials may ultimately be dropped by lawmakers, say industry advisors. While much of the raft of anti-money laundering (AML) provisions proposed by the government of Felipe Calderon in August 2010 has been approved by Mexico's Senate, the plans have largely stalled in the congress' lower house. The proposals include criminalizing failing to report suspicious activity and AML rules for real estate developers, notaries, accountants and others. "The political hotspots right now are on more mainstream subjects like budget issues, so they're not really...
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