money Laundering reaches $ 10 billion in Mexico, representing 3.6 percent of GDP

In Mexico it is estimated that in 2012 the amount of money laundered rose, representing 3.6 percent of gross domestic product (GDP)

So says the document “Money Laundering” conceptual theoretical study, comparative law, international treaties and the new law on the subject in Mexico, that the House of Representatives issued a statement.

laundering money in Mexico reaches 10 Billion dollars for 2012

The report notes that according to the Ministry of Finance and Public Credit (SHCP), only in the first quarter of 2003 the amount of money laundering was equivalent to 3.06 percent of GDP, after this period and until the second quarter of 2009, the percentage of money laundering equivalent to GDP fluctuated between 1.5 percent and 2.4 percent.

“These figures are due to the crime situation that has permeated our social, economic and financial, that must be triggered in a legal fight,” says the study by the SHCP.

According to the diagnosis of International Monetary Fund (IMF), the total amount of funds laundered in the world could vary between 2 percent and 5 cientodel global GDP.

Among the predicate offenses to money laundering internationally lies the smuggling of organs, tissues and medications people, art, animals, as well as drug trafficking and corruption, extortion and kidnapping.

“The illegal proceeds can be transferred easily and instantly from one jurisdiction to another” highlights the study.

With regard to the countries of Latin America, Mexico is below Peru in the percentage of GDP that represents money laundering, as the latter reported 4.4 percent to 2011, compared to the 3.6 percent that corresponds to Mexico 2012.

Finally, explains that the means of carrying out operations with illegal proceeds is the financial system, hence, the amount of legal and provisions governing the institutions responsible for implementing and enforcing the measures for any activity that may facilitate the commission of this crime

 

Mexico; Laundering Act is insufficient if the United States persists in using DEA: PAN

 

Money Laundering Acts a flop if DEA is used!

Laundering Act is insufficient if the United States persists in using DEA: PAN

He regretted that U.S. agencies like the DEA resort to acts of “money laundering” to find the presumed route of resources

MEXICO CITY – The Anti-Money Laundering Act is expected to be approved by the Chamber of Deputies “will be insufficient if the U.S. persists in its practice of covert operations funds of illicit origin whitening as those conducted by the DEA “.

The legal deputy coordinator of the PAN in San Lazaro, Oscar Arce Paniagua, lamented that U.S. agencies like the DEA resort to acts of “money laundering” to find the presumed path of the funds of illicit origin in Mexico and the United States.

“It is unfortunate that while efforts are made in Mexico in terms of improving the legal framework to stop multinational crime of money laundering, the United States encourages these illegal in Mexico,” he said in an interview.

He stressed that the operation of the DEA and others as “Fast and Furious” that encouraged the entry of weapons into Mexico, “are really disappointing for Congress and Mexican government, as well as being an illegal interference are performed without any coordination and with no results.

He recalled that the Joint Committee on Justice and Treasury approved shortly that law which extends the punishment for a crime that was punishable as money laundering, which moves in Mexico is estimated 45 billion dollars annually.

Arce Paniagua said to be regarded as suspicious betting all purchases in excess of 200 thousand pesos, and also oversees the buying and selling art, jewelry and real estate.

Operations also deported to the Ministry of Finance and Public Credit (SHCP) is the assembly of vehicles by more than 400 thousand pesos, and cars with value over 300 thousand pesos.