Money Laundering Up 72 Percent in Mexico Television del Sur
go to original November 12, 2014

“Suspicious financial operations” by businessmen is also the rise, according to the country’s tax office. (ACFCS.org)

Money laundering in Mexico has grown significantly in the last year, according to a release from the Finance Intelligence Unit (UIF) of Mexico’s State Treasury Monday.

According to the date, in the third quarter of the current year Mexican authorities received 52 denunciations of money laundering, up 72 percent from the same period of 2013.

During the 2013 fiscal year, the tax office investigated 84 alleged cases compared to just 35 in 2012.

The UIF also revealed that in 2013, they received 51,940 accusations of “unusual financial operations,” while 86,293 have been reported so far year.

The tax office also indicated that financial crimes by businessman also seem to be on the rise, with 126 reported cases of “suspicious financial operations” in the third quarter of 2014, being attributed to directors of financial institutions.

During the same period in 2013, there were 79 such cases connected to finance heads.

The tax office data was revealed just days after the Mexican authorities decided to intervene in the financial institution FICREA, after it was discovered that someone inside the company was laundering money.

See the original at Televisión del Sur

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