Mexico faces risks in fight against money laundering
As tough measures on money laundering fall on the private sector in Mexico, how will some institutions cope? And will change hamper the country’s tentative economic recovery?
In August, the massacre of 72 immigrants in San Fernando, Tamaulipas in Mexico shocked the world. The brutality of the act underlined the authorities' inability to tackle criminal gangs and highlighted the scale of the challenge faced by the Mexican government as it battles organised crime.
Within the financial system, the fruits of crime are being squeezed hard. Mexico has tightened the net on
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