AZMEX SPECIAL 22-1-13

AZMEX SPECIAL 22 JAN 2013


Laundering money reaches $ 10 billion in Mexico
Details Published on Saturday January 19, 2013, Special Writer
http://www.eldiariodesonora.com.mx/nota.php?nota=7182
Mexico City.

Represents 3.6 percent of gross domestic product.
In Mexico it is estimated that in 2012 the amount of money laundered
totaled 10 billion dollars, 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.
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 percent of the 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.