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

Willy Zapata Sagastume. (), Juan Carlos Moreno-Brid () and Stefanie Garry. ()
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Willy Zapata Sagastume.: International Adviser in Finance and Banking.
Stefanie Garry.: Economic Comission for Latin America and the Caribbean.

Economía: teoría y práctica, 2016, vol. 44, issue 1, 9-50

Abstract: 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.

Keywords: Money Laundering; Financing of Terrorism; Financial Sector Regulation; Compliance; Latin América and the Caribbean; Mexico. (search for similar items in EconPapers)
JEL-codes: F42 G28 H26 K42 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ety:journl:v:44:y:2016:i:1:p:9-50

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