Financial Crime World

Mexico’s Battle Against Financial Crimes and Terrorism Financing Unfolds Amidst Ongoing Violence

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January 13, 2009 - Mexico is facing a daunting task in combating financial crimes and terrorism financing amidst escalating violence from powerful drug cartels. The country’s detailed assessment report on antimoney laundering and combating the financing of terrorism highlights the significant challenges posed by these activities across various parts of the nation.

Challenges Faced by the Authorities


The authorities have taken several measures to counter the substantial money laundering risks associated with drug trafficking, organized crime, and related offenses. However, the sheer magnitude of financial and economic resources at the disposal of drug cartels and organized crime groups underscores the complexity of this issue.

The Power of Drug Cartels and Organized Crime Groups

Extensive Resources and Violence

Mexico’s struggle against financial crimes and terrorism financing is particularly complicated due to the extreme violence perpetrated by drug cartels, which has extended their activities across different regions of the country. The government’s efforts to combat these threats are hindered by the formidable resources and power at the disposal of criminal organizations.

Ongoing Efforts to Combat Financial Crimes

Measures Implemented

The authorities have implemented various measures to address the money laundering risks linked to drug trafficking, organized crime, and related offenses. These include:

  • Enhanced monitoring and reporting of suspicious transactions
  • Improved cooperation with international partners
  • Strengthened regulations and sanctions for non-compliance
  • Increased training for financial institutions and law enforcement agencies

Ongoing Challenges

Overcoming the Power of Criminal Organizations

Despite these efforts, the ongoing violence and financial muscle of criminal organizations pose significant challenges to the government’s efforts to combat financial crimes and terrorism financing in Mexico. The authorities must continue to adapt and improve their strategies to effectively address these complex issues.

Overall, Mexico’s battle against financial crimes and terrorism financing is a difficult and ongoing struggle that requires sustained effort and cooperation from all stakeholders involved.