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LatinNews Regional Monitor: Caribbean & Central America - 16 February 2017

Northern Triangle countries move against money laundering

Central America’s three ‘Northern Triangle’ countries (Guatemala, Honduras, and El Salvador) have launched a new sub-regional effort to combat money laundering. The three countries have announced the creation of a specialised anti-money laundering prosecution unit that is to coordinate all such investigations in the three countries. The initiative is another attempt by the Northern Triangle countries to pool resources and work together to combat transnational crime and improve public security in the area. It is in line with the Plan of the Alliance for Prosperity (PAP), scheme launched in coordination with the US in 2014 to tackle the root causes of the mass illegal migration of Northern Triangle nationals to the US.

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