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Mexico’s Calderon Unveils More Anti-Money Laundering Measures
By Colby Adams
printMexico' President Felipe Calderon introduced a bevy of measures Thursday designed to crimp the flow of illicit drug proceeds from entering the country's financial system, including by limiting cash transactions on purchasing aircraft, vehicles, and real estate. If passed, the National Strategy for Preventing and Combating Money Laundering and Terrorist Financing would ban purchases in cash of those goods, as well as acquisitions of stock shares and lottery tickets totaling over $7,650 U.S. dollars, according to a statement from the Mexican Finance Ministry. Drug trafficking organizations often disguise bulk cash shipments through such purchases, taking advantage of the "laxity" of...
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