No. 44 (2016)
Artículos

Money Laundering and Financial Risk Management in Latin America, with Special Reference to Mexico

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  • Willy Zapata Sagastume,
  • Juan Carlos Moreno-Brid,
  • Stefanie Garry
Willy Zapata Sagastume
International Adviser in Finance and Banking
Bio
Juan Carlos Moreno-Brid
Facultad de Economía at Universidad Nacional Autónoma de México
Stefanie Garry
Economic Comission for Latin America and the Caribbean
DOI: https://doi.org/10.24275/ETYPUAM/NE/442016/Zapata
Published June 1, 2016
Keywords
  • Money Laundering,
  • Financing of Terrorism,
  • Financial Sector Regulation,
  • Compliance,
  • Latin América and the Caribbean,
  • Mexico
    • ...More
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Abstract

This paper reviews the current status of the international fight against money laundering and the financing of terrorism, highlighting the importance of its prevention for economic and financial stability in Latin America and the Caribbean. It reviews Latin American and Caribbean countries' compliance with the Financial Action Task Force (FATF) (40 + 9) Recommendations, and analyzes the region's performance with respect to their third round Mutual Evaluation Reports. The case study of Mexico provides specific insight into the country's reforms and policies to combat these financial sector operational risks.
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References

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