01/03/2018 Reuters
MEXICO CITY (Reuters) – Mexico is failing to root out money laundering because it uses a reactive case-by-case investigation approach and law enforcement agencies suffer from corruption, according to a report on Wednesday by an international body that fights illicit cash.
Money laundering “is not investigated and prosecuted in a proactive and systematic fashion…. Consequently, the number of prosecutions and convictions for money laundering are very low. Significant shortcomings were found in the way in which money-laundering cases are investigated,” said the report by the Financial Action Task Force (FATF).
Mexico Institute 