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Many Banks Underestimate Mexico’s Money Laundering Troubles, Says Consultant
printDespite reports that 30 percent of Mexico's currency is derived from illicit funds, many compliance officers are just now waking up to the reality of the country's extensive money laundering problems, believes Ira Morales Mickunas, a partner and managing director of global operations for the Miami-based Milersen LLC, a consultancy. And while the problems in Mexico far outweigh the drug trafficking problems in Colombia, many compliance officers don't consider how great the differences are, relying instead on outdated or inaccurate lists of risky jurisdictions that sometimes exclude Mexico altogether, she said. Mickunas, who will speak on the panel "Analyzing Real-Life...
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