Against Money Laundering

The Mexican government seems to be pushing back against the idea that it has not paid sufficient attention to money laundering: a report from Excélsior yesterday says that the National Commission on Banking and Securities receives about 70,000 requests for information a year with regard to investigations of money laundering. That's a big number, but it's hard to know what to make of that without a little context or explanation, neither of which is forthcoming. The idea that Mexico's government in all its power launches 200 independent investigations into crooked money a day is simply not credible.

In any event, what this positively doesn't show is that more people are going to jail for money laundering, or that drug traffickers are having their pseudo-legitimate businesses taken from them because of their connection to dirty money.