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

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’ complian...

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Detalles Bibliográficos
Autores: Willy Zapata Sagastume, Juan Carlos Moreno-Brid, Stefanie Garry
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2016
País:México
Institución:Universidad Nacional Autónoma de México
Repositorio:Redalyc-UNAM
OAI Identifier:oai:redalyc.org:281145721002
Acceso en línea:https://www.redalyc.org/articulo.oa?id=281145721002
https://www.redalyc.org/journal/2811/281145721002/
https://www.redalyc.org/journal/2811/281145721002/html/
https://www.redalyc.org/journal/2811/281145721002/281145721002.epub
https://www.redalyc.org/journal/2811/281145721002/movil
Access Level:acceso abierto
Palabra clave:Economía y Finanzas
Mexico
Compliance
Money Laundering
Financing of Terrorism
Financial Sector Regulation
Descripción
Sumario: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.