Special Report: Global Financial Crisis
MEXICO CITY, April 21 (Xinhua) -- Mexican banks on Tuesday adopted tougher
measures in the fight against money laundering, said an official document
released by the finance ministry.
The banks will strengthen client management and report any transactions
that are "important, unusual or worrying" to the finance ministry, said the
document published in the Official Federation Gazette on Monday.
The new measures are designed to make life more difficult for drug
traffickers and organized criminals who tried to launder money through
legitimate financial service firms.
Under the new rules, the banks will classify their clients according to
different criminal risks they may represent.
Mexico has been engaged in a prolonged battle against drug traffickers
since December 2006. It is also trying to cut the flow of guns to the country
from the United States, where gun laws are looser.
