Mexico

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

Featured Mexico

Prosecutors: Trade war opens doors For Mexican drug cartels

AP — Federal law enforcement officials in Oregon say they’ve uncovered an elaborate scheme to convert Mexican drug profits from sales in the United States back into pesos using Chinese citizens who seek to circumvent their country’s banking laws. The Mexican drug cartels are taking advantage of the… Read More

Secret Recordings Describe Extensive Bribery at Mexico’s Pemex

In 2017, Israeli private investigation company Black Cube secretly recorded senior officials at Mexico’s Petróleos Mexicanos describing widespread bribery and corruption at the state-run oil company. The audio recordings are part of the evidence in a lawsuit filed last year against the Mexican government by a Mexican oil-field drilling company… Read More

Mexico Supreme Court Judge Resigns Amid Financial Investigation

Supreme Court magistrate Eduardo Medina Mora, who is being investigated by Mexico’s financial intelligence unit for transfers to bank accounts in the U.S. and U.K., resigned his post on Thursday, Reforma newspaper reported citing people it did not identify. The high court said it had not received confirmation… Read More

3rd October 2019

Prosecutor: ‘El Chapo’ gave $1M to Honduras leader’s brother

AP — Prosecutors alleged Wednesday that convicted Mexican drug lord Joaquín “El Chapo” Guzmán personally gave $1 million in bribes to the brother of Honduras’ president to pass on to the Central American leader, who swiftly denied wrongdoing. Prosecutor Jason Richman revealed the allegation in… Read More

27th September 2019

In Mexico, 85 fintechs are seeking permission to operate

Mexican banking regulator CNBV said on Thursday it received applications from 85 companies to formally operate in the country under its new fintech law as the government of President Andres Manuel Lopez Obrador pushes for more financial inclusion. The government has been looking to both banks and fintechs as it… Read More

26th September 2019

Mexico: Unnamed Soccer Teams Investigated for Money Laundering

Several Mexican regional soccer teams are being investigated for alleged money laundering, sources from the Mexican Ministry of Finance confirmed on Wednesday to EFE, without proving the names of the teams linked to the case. No athletic clubs have been named directly and Mexico’s highly lucrative and popular soccer teams… Read More

24th September 2019

‘Rio Treaty’ Nations to Cooperate on Sanctions on Venezuela’s Maduro

Western Hemisphere nations voted Monday to employ a regional treaty to impose sanctions against embattled Venezuelan leader Nicolás Maduro, accusing his regime of criminal activity including drug trafficking and money laundering. In a meeting convened by the Organization of American States, 16 of the 19 states party to the Inter-American… Read More

24th September 2019

Mexicans say corruption is falling, even as a third still paid bribes

Mexicans say corruption is falling even as a third of them also report paying a bribe, a survey by Transparency International said on Monday, as the 10-month-old administration of President Andres Manuel Lopez Obrador sets its sights on stamping out graft. The Global Corruption Barometer 2019 report shows that 44%… Read More

19th September 2019

Mexican set up B.C. front company to launder money, CBSA says

A B.C. company set up by Mexican businessmen was used to launder millions of dollars of criminal proceeds, the Canada Border Services Agency alleges in Federal Court documents. The CBSA interviewed one of the men it claims is involved, Sergio Antonio Reyes Garcia, on March 3, 2019 when he arrived… Read More

5th September 2019

Some Mexican Regulators Carry Their Resignation Letters at All Times

Mexico’s banking and securities regulator has already been hobbled by hundreds of resignations after the country’s new president slashed salaries and benefits. Now, one of his prospective laws threatens to set off an exodus of the agency’s top officials. The legislature is set this month to enact strict curbs… Read More

21st August 2019

Mexico Prepares New Charges Against Former Pemex Boss

Mexican authorities are preparing to file more criminal charges against the former head of state oil company Petróleos Mexicanos, expanding the scope of the anticorruption efforts launched by the government of President Andrés Manuel López Obrador. Emilio Lozoya, the former CEO of Pemex, has been at large since late May,… Read More

15th August 2019

Mexican president says predecessor not under investigation in graft case

Mexican President Andres Manuel Lopez Obrador said on Wednesday that his predecessor, Enrique Pena Nieto, is not under investigation in a probe into suspected corruption that has ensnared one of Pena Nieto’s former cabinet ministers. On Tuesday, a judge ordered that former Social Development Minister Rosario Robles be detained pending… Read More

14th August 2019

Mexican former minister detained, deepening president’s anti-graft quest

A judge ordered a former Mexican Cabinet minister to be detained pending a trial over suspected losses to taxpayers, her lawyer said on Tuesday, opening a new front in President Andres Manuel Lopez Obrador’s campaign to eradicate corruption. The detention of former social development minister Rosario Robles is likely to… Read More

Must Read

KYC360 Exclusive: What Cryptocurrency, Drug Lords and Mafia Bosses Don’t Have in Common

EU agrees sanctions on Turkey over Cyprus drilling, to add names later

Australia: Dirty money spotlight on estate agents

Malaysian ex-PM Najib ordered to enter defense in 1MDB case

Inside the hunt for a cryptocurrency fraudster who vanished without a trace