Mexico City, Mexico — Money laundering in Mexico is a boiling criminal activity, says audit. Over the past three years the number of people suspected of carrying out illicit operations detected by the Financial Intelligence Unit of the Treasury has tripled.
In 2016 alone, more than 100 complaints were lodged with the PGR for these cases, although less than 5% percent of them were resolved at the end of that year.
Two performance analyzes carried out by the Superior Audit Office of the Federation (ASF) with respect to the fight against financial crimes in Mexico, and specifically the operations with resources of illegal origin, resulted in two findings.
There is an improvement in the identification processes of the suspects and, in the case of detection, the audit focused on the work of the Financial Intelligence Unit of the Treasury (UIF) which, in recent years, has reported an increase in the detection of suspicious transactions or interest in the system.
The results of the report shows that in 2013, there were 108,000 operations detected in the financial system that were considered unusual. During 2014, the figure increased to 148, 949 operations and in 2015, figures increased to 167,295. Last year, reports showed numbers of unusual financial transactions rose to 213,330.
Adding to this, the accumulation of other operations considered ‘of interest’, reports show that in 2013, the Financial Intelligence Unit of the Treasury analyzed a total of 13.2 million reports of potentially risky operations, while in 2016, that figure grew to 17.6 million.