03 Mar 2019
AP—The financial intelligence unit of Mexico’s treasury has frozen $156 million of the state Autonomous University of Hidalgo’s funds while it investigates suspected money laundering, Treasury Secretary Santiago Nieto said Friday.
The university received the money through Switzerland from accounts in 22 countries, according to the agency. Mexico’s financial system alerted authorities to the “unusual” movements and an investigation was launched.
On Friday, university rector Adolfo Pontigo Loyola said in a statement that the university had not been contacted by any authorities about the transfers in question. If and when they are, he said the university would cooperate with the investigation.
Link to AP
Count reading this article to your CPD minutes, by signing up to our CPD WalletFREE CPD Wallet