Latin American Economy & Business - April 2014 (ISSN 1741-7430)

MEXICO | Combating money laundering. The Mexican government will shortly publish a blacklist of firms and individuals linked to drug-trafficking and terrorism, the finance minister, Luis Videgaray, announced in Washington on the margins of the annual spring meetings of the World Bank and International Monetary Fund. Videgaray said that the government would work closely with banks to prohibit the financial transactions of those allegedly involved in money laundering or financing terrorism. The blacklist will be based on lists produced by the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury, whose secretary, Jack Lew, Videgaray also met this week; a United Nations list; and Mexico’s own designations.

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