Wednesday, April 6, 2011
Cash for Money-Laundering Tips
Earlier this week, the PGR announced a plan to give 25 percent of the value of confiscated assets used in money laundering to the person who made the denunciation. This could be a good idea, although a lot depends on the details of how it is applied. Or if it is applied, for that matter: the Ley de Extinción de Dominio was a good idea, too, but the big complaint is that the government has done little with it since its passage in 2009. And it seems like more than anything the lack of money-laundering cases in Mexico isn't the product of a lack of leads, but a lack of will to pursue such cases, especially as they spill over into the part of the economy basically considered legitimate. I'm not sure that this will change that at all.