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Mexico’s Cruz Azul president accused of money laundering, links to organized crime

An arrest warrant has been issued by Mexico’s attorney general’s office for Cruz Azul president Guillermo Alvarez over possible involvement in financial fraud and organized crime, according to documents obtained by ESPN. The arrest warrant was granted on Wednesday, with Alvarez accused of carrying out and orchestrating “operations with… Read More

Heightened fraud and cyber risks threaten e-commerce merchants

As consumers increasingly turn to online shopping for essential and non-essential goods while at home, fraudsters have adapted their technique to use more sophisticated tactics against consumers, banks and merchants. The situation is tenuous. A recent study from Forter shows fraud attacks increased by 19 percent, globally, from 2018 to… Read More

Trial of ex-Pemex boss threatens to lift lid on Mexico’s ‘cash box’

The trial of a former boss of Petroleos Mexicanos threatens to expose years of alleged malpractice at the state oil company and provide a canvas for Mexico’s leftist president to depict rot at the heart of government that he has vowed to clean up. Once a symbol of Mexican self-reliance… Read More

16th July 2020

AMLO Says Lawmakers Took Bribes to Pass Key Mexico Oil Reform

Mexican legislators allegedly took bribes to vote in favor of a landmark energy reform during the previous administration, and an ex-head of the country’s oil giant will shed light on the matter, President Andres Manuel Lopez Obrador said on Wednesday. Lopez Obrador said there was “a lot” of corruption at… Read More

9th July 2020

Fugitive former Mexican governor arrested in Miami

Police in Miami on Wednesday arrested the former governor of the Mexican state of Chihuahua, Cesar Duarte, who is wanted on corruption charges in his homeland, U.S. and Mexican officials said. Duarte, who governed the northern border state from 2010 to 2016, has been accused by Mexican authorities of misappropriating… Read More

7th July 2020

Iranian Military-Owned Conglomerate Sets Up Shop in Venezuela

An Iranian conglomerate owned by the country’s military and tied to its missile program has established a retail foothold in Venezuela, according to officials and records detailing the move, deepening Tehran’s involvement with the Maduro government. The Iranian firm is working with the Maduro government’s troubled emergency food program, which… Read More

2nd July 2020

Wanted for graft, ex-Pemex boss to be extradited to Mexico from Spain

The former chief executive of Mexican state oil company Petroleos Mexicanos, Emilio Lozoya, has agreed to be extradited from Spain to Mexico to stand trial on corruption charges, Mexican Attorney General Alejandro Gertz said on Tuesday. Lozoya, 45, who was once a close confidant of former President Enrique Peña Nieto,… Read More

22nd June 2020

Mexico Freezes Bank Accounts of Entities Sanctioned by U.S.

The Mexican government’s financial crime department has frozen the bank accounts of companies and people blacklisted by the United States under accusations of having evaded the sanction regime imposed on Venezuela, its chief said on Friday. Santiago Nieto, chief of Mexico’s Financial Intelligence Unit, did not elaborate on details, but… Read More

19th June 2020

Watchdog report slams DEA’s money-laundering operations

The Drug Enforcement Administration laundered tens of millions of dollars in the course of drug trafficking investigations over the past decade without complying with laws governing such operations, according to a newly released review from the Justice Department’s in-house watchdog. Justice’s Inspector General Michael Horowitz found that the DEA failed… Read More

19th June 2020

Former Mexican state governor pleads guilty in U.S. to money laundering

A former governor of the Mexican state of Coahuila has pleaded guilty to charges that he laundered money to conceal bribes paid to him in return for road-building contracts, the U.S. Department of Justice said on Wednesday. Jorge Torres, who served as interim governor of the northern border state… Read More

18th June 2020

Mexico investigates two mayors for possible money laundering

AP – The mayors of two Mexican towns where police killings of young civilians in recent weeks are under investigation are themselves being looked at for suspicious financial movements that could be linked to organized crime, a federal official said Tuesday. The official, who was not authorized to be… Read More

12th June 2020

Elite B.C., Ontario crime network laundering ‘hundreds of millions’ a year, inquiry hears

British Columbia and Ontario provide a base of operations for an elite network of professional money launderers identified by police in 2019 and washing “upwards of hundreds of millions” per year, B.C.’s Cullen Commission into money laundering heard this week. While Global News has reported on sophisticated transnational money-laundering networks… Read More

12th June 2020

Mexico: Tequila Companies Targeted in CJNG Sting

By Will Neal, OCCRP, 10 June 2020 OCCRP – Authorities in Mexico have reportedly identified several tequila vendors as front companies in an alleged money laundering operation run by one of the country’s most powerful drug syndicates. The move reflects a broader change in tactics by Mexico’s government, targeting… Read More

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