The recent joint effort between the U.S. and Mexico in the arrest of Sinaloa Cartel head Joaquin "El Chapo" Guzman can be seen as a sign of renewed cooperation between investigators in both countries after a yearlong lull.
Mexican officials will extend until February an upcoming deadline for nonbank companies to implement anti-money laundering controls, according to sources with knowledge of the matter.
An agreement formalizing cooperation between a Mexican financial regulator and a U.S. overseer of money services businesses and banks is likely to result in more enforcement actions in both countries.
Bank compliance staff should better scrutinize clients tied to Central America and Mexico's cattle industry following a spate of related U.S. sanctions, say current and former officials.
Recent investigations indicate that a number of Mexican brokerage firms are converting drug profits into pesos and using a network of couriers to layer the money in American bank accounts.
A list of alleged Mexican drug traffickers could aid anti-money laundering departments in identifying suspicious transactions, say compliance officers.
U.S. lawmakers may need to earmark more money for Mexico's financial intelligence unit as part of a $1.9 billion aid package intended to help fight drug trafficking, a federal official said Thursday.
The U.S. government's landmark case against HSBC Holdings Plc for knowingly turning a blind eye to financial crime is seemingly fated to end much as it began: complex and messy.
Changes to the final version of Mexico's new anti-money laundering law leave important gaps in the nation's compliance regime, and may elicit criticism from an intergovernmental policymaker, say analysts.
When Mexico's President Felipe Calderon relinquishes power in December to his successor, he'll leave behind a decidedly mixed legacy in the fight against the country's drug cartels. But U.S. law enforcement agents and other officials worry that Mexico's next leader could do worse, sources say.
Mexican cartel members are exploiting mirror accounts in the United States and Mexico to launder money and evade U.S. dollar deposit restrictions, financial regulators said Thursday.
Mexico has lost as much $91 billion per year to capital flight associated with tax evasion and corruption during the last decade, according to a report by an American advocacy group.
Narcocorrido balladeers can profit by praising crime in their songs without living the lifestyle. But they can also have direct links to Mexican drug cartels, including by helping to launder dirty money.
Dozens of U.S. banks along the country's southern border are denying new accounts to wealthy Mexican nationals and corporations because of due diligence troubles caused by drug-related violence in Mexico.
The rise of violence tied to drug and weapons trafficking along the U.S.-Mexico border has drawn political attention to a perennial problem in the world of anti-money laundering: cash smuggling.
U.S. efforts to train other countries to detect money movements associated with terrorism are hamstrung by poor government coordination, say counter-terrorism analysts.
Mexican AML consultant Alberto Avila recently spoke with reporter Larissa Bernardes about FATF's mutual evaluation of Mexico and the budget challenges facing compliance departments in the Latin American country.
Mexican law enforcement agents are not adequately investigating money laundering despite an "unprecedented threat" to the country by drug cartels, an anti-money laundering watchdog said Tuesday.
Latin American and Canadian drug cartels profit and launder between $51 billion and $95 billion from U.S. sales annually, often smuggling their proceeds across the border, according to a government report.
Mexico and the United States will create a joint trade intelligence organization to collect and analyze data on the movement of goods between the two countries as part of an effort to stem money laundering and fraud.