Despite years of battling cartels, corrupt politicians and other profit-minded criminals, bankers and prosecutors in Mexico have yet to get an effective read on the methods by which money launderers circulate illicit proceeds into and through the nation’s financial system, say sources.
U.S. law enforcement officials are increasingly focusing their attention on the use by Mexican drug cartels of shell companies and corporate bank accounts in China and Hong Kong to launder proceeds from narcotics sales, sources told ACAMS moneylaundering.com.
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