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Security & Strategic Review - October 2020

MEXICO: Upping the ante on money laundering?

The financial intelligence unit (UIF) in Mexico’s finance ministry (SHCP) is trying to present a positive picture of its efforts to combat money laundering, including how it plans to advance these efforts. But an investigation by a local NGO provides damning evidence that the Mexican authorities are still falling short of effectively tackling the matter. With Mexico featuring in the FinCen files – leaked reports exposing how major financial organisations launder the money of international criminals, which have rocked the global financial system – the Mexican authorities’ ability to fight this form of international crime remains under question.  

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