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Latinnews Daily - 04 January 2018

In brief: Mexico

*The Financial Action Task Force (FATF), an inter-governmental organisation dedicated to helping develop policies to combat money laundering and the financing of terrorism, has released a new report on Mexico in which it criticises the authorities of the North American country for falling short in their efforts. The report entitled ‘Mexico’s Measures To Combat Money Laundering And Terrorist Financing’ notes that while most of the key authorities in Mexico “have a good understanding of money laundering and terrorist financing risks…this financial intelligence does not often lead to investigations of money laundering, underlying crimes, and terrorist financing”. The criticism included in the report prompted Mexico’s finance ministry (SHCP) and its federal attorney general’s office (PGR) to issue a joint statement in which they commit to “strengthen” their efforts to combat these transnational crimes and safeguard Mexico’s national financial system.

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