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Mexico and U.S. to Screen Trade-Based Laundering Jointly
By Carla Valero
printMexico and the United States will create a joint trade intelligence organization to collect and analyze data on the movement of goods between the two countries as part of an effort to stem money laundering and fraud. The organization, known as a trade transparency unit (TTU), will help law enforcement determine when products shipped internationally are incorrectly invoiced in order to disguise value transfers among criminals, according to Juan Jos?© Bravo Mois?©s, the general manager of Mexico's Tax Administration Service Customs. "The trade transparency units enable us to cut oxygen to those activities" and to expose the criminals behind the...
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