May 28, 2015
5/27/2015 InSight Crime
Major US banks have recently closed branches along the southern border with Mexico in an attempt to crack down on money laundering, a reflection of the ease with which Mexican drug traffickers can legitimize illicit proceeds north of the border.
In recent months, major banks such J.P. Morgan and Bank of America have closed their branches in the border town of Nogales, Arizona, reported The Wall Street Journal. Other banks, including Wells Fargo and Chase, have reportedly closed hundreds of customer accounts, many of which belonged to Mexican nationals.
May 11, 2015
5/11/2015 InSight Crime
Mexico is weeks away from a landmark midterm election, but many analysts worry that the nation’s electoral authorities are dropping the ball as far as criminal organizations financing their preferred candidates.
On June 7, Mexico will elect the entire lower house of congress, nine governorships, and local offices in more than half the country. While the Senate and the presidency are not in play, it is the most important date in the electoral calendar prior to the 2018 election.
Against that backdrop, some analysts are worried that the nation’s campaign regulatory agency, the National Electoral Institute (INE), is not doing enough to prevent the flow of money stemming from organized crime into candidates’ campaign war chests. Jesus Tovar Mendoza, the Executive Director of the think tank Red de Estudios sobre la Calidad de la Democracia en America Latina, recently complained to E-Consulta that the statutes enforced by the INE are insufficient.
For more analysis on Mexico’s 2015 midterm elections, visit the Mexico Institute’s 2015 Elections Guide.
May 8, 2015
Mexican police arrested one of the senior police officers accused of involvement in the disappearance of a group of 43 student teachers last year, the country’s interior ministry said on Thursday.
Francisco Salgado, 41, was the deputy head of the police in the southwestern city of Iguala, where 43 student teachers went missing in September last year. The government says the group was detained by corrupt police officers who handed them over to a local drug gang that killed them and then incinerated their bodies.
May 4, 2015
ABC News, 5/2/2015
An increasingly strong drug cartel known as Jalisco New Generation was showing off its power with a spasm of violence that killed seven people and forced down a military helicopter in western Mexico, analysts said Saturday.
Jalisco state was relatively calm the day after gunmen set fire to cars, buses, banks and gasoline stations and trade gunfire with soldiers and police. The violence erupted after security forces launched a campaign against the cartel Friday.