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ARTICLE · 14 NOVEMBER 2017

Report Exposes Mexico's Anti-Corruption Flaws

Holland & Knight
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A new report shows that Mexico did the right thing by passing a new national anti-corruption legal regime (the National Anti-Corruption System) in 2016.

United StatesCriminal Law
Wifredo Ferrer
Wifredo Ferrer
Michael E. Hantman
Michael E. Hantman
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Wifredo A Ferrer and Michael E Hantman are Partners in our Miami office.

A new report shows that Mexico did the right thing by passing a new national anti-corruption legal regime (the National Anti-Corruption System) in 2016. The new report, from the Financial Action Task Force (FATF, aka GAFI), an intergovernmental body whose purpose is the development and promotion of national and international policies to combat money laundering and terrorist financing, finds that $58.5 billion (approximately 1.13 trillion pesos) was generated from narcotrafficking, tax fraud and other crimes in Mexico in 2014. This staggering amount is 6.6 percent of the country's gross domestic product, and does not account for monies connected to government corruption.

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