FATF TAKES MEXICO TO TASK OVER AML PERFORMANCE
January 1st, 2018
THE MEXICAN government needs to take a more proactive and comprehensive approach to fighting money laundering (ML), the Financial Action Task Force (FATF) has concluded, moving on from the reactive approach it has undertaken in the past.
Noting the major ML risk faced by Mexico, given its potent illicit drug trade, the global anti-money laundering (AML) body has called on the country to step up its fight against the movement and hiding of narcotics sales proceeds.
While accepting that “Mexico has a mature AML/CFT [combating the financing of terrorism] regime, ...
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