Quintana Roo Described as a Mexican 'Paradise' for Money-Laundering The Yucatan Times
go to original November 19, 2016

Since 2012 when Quintana Roo reported a margin of participation in money laundering through investment projects, this state remains one of the main places where transactions presumably made with suspicious resources are recorded. However, David Enrique Merino Téllez, general director of the National Center for Tax Studies and Research (Cenesit), said that the exact magnitude is unknown.

“The Finance Intelligence Unit (FIU) has been able to detect operations and procedures, and there are a number of requirements for vulnerable activities that seek to ensure that all those who carry out illicit operations are obliged to report how the acts are performed,” he said.

In the FIU Receipt Report 2015, Quintana Roo ranked No. 4 in the national ranking where reports of unusual transactions (ROI’s) were received, with money laundering estimated to be 10 issues per 10 thousand inhabitants, ranking only behind Mexico City, Sinaloa and Baja California, where they reported 25, 19, and 13 ROI’s respectively.

During his participation in a training program of the Mexican Association of Real Estate Professionals (AMPI), Merino Téllez indicated that “tourist areas are highly sought after, many of the people who have laundered assets invest in places like Cancun, Tulum, Playa del Carmen.”

Read the rest at The Yucatan Times

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