US, Mexican Regulators Partner To Fight Money Laundering

Law360, New York (October 24, 2013, 5:14 PM EDT) -- The U.S. and Mexican governments have signed a first-of-a-kind agreement to share information on money laundering activities in both countries, the U.S. Department of Treasury announced Thursday, this in an unprecedented effort to fight transnational financial crime.

The Treasury Department's Financial Crimes Enforcement Network and Mexico’s National Banking and Securities Commission signed a memorandum of understanding, wherein the agencies will exchange supervisory information in support of anti-money laundering missions and combating terrorist financing, the Treasury Department said in a release.

The new relationship marks the first...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.