Report Shows Government Is ’Gravely Deficient’ in Its Anti-Corruption Plan teleSUR
go to original November 6, 2017

How Corrupt Is Mexico? (NowThis World)

A new report reviewed by Reuters indicates that the Mexican government is not doing enough to combat corruption within the country.

The 321 page report showed that the government is “gravely deficient” in its anti-corruption plan, according International Action Financial Group, or GAFI. GAFI, an association of international governments working to combat money laundering, found that approximately US$58.5 billion was generated from narco trafficking, tax fraud and other crimes within the country in 2014 alone. This represented 6.6 percent of the country’s gross domestic product.

Since these gains are derived illegally, the money can more easily be laundered.

The study did not take into account financial transactions related to government corruption.

The report read that there’s a “high threat” that “the illicit resources will be laundered in Mexico.” The word “high” was placed in all caps and highlighted, Reuters reported. The GAFI report is the first in-depth publication on illegal money transactions and is part of a larger investigation regarding illegal assets.

The association made its conclusions using reports and paperwork from the Treasury, Defense and Interior Affairs national secretaries as well as the Housing and Public Credit commission. The group also used information provided by the state-run Bank of Mexico.

The Mexican government said that it had made significant improvements against tax evasion and money laundering since it first started to combat illicit monetary transactions, admitting that it needed to install “more efficient mechanisms” to combat corruption.

Read the rest at teleSUR

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