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Mexico: Mexico’s next anti-money laundering czar vows action after ‘shameful’ Odebrecht

Mexico’s incoming Financial Intelligence chief said it was “shameful” how little had been done about bribes that Brazilian construction firm Odebrecht executives said were paid to secure Mexican public works contracts, and vowed to reexamine the case once in office.

Santiago Nieto will head the finance ministry’s Financial Intelligence Unit, which analyzes suspicious financial records, once the new leftist government takes office on Dec. 1. He said in an interview last week that the unit had been misused for political ends, without elaborating.

“It’s shameful that Mexico and Venezuela are the only countries in Latin America that haven’t sanctioned anyone,” he said of the Odebrecht case.

This article has been summarised, the full original article can be found at www.reuters.com



This post first appeared on Anti Bribery And Corruption Platform & Due Diligen, please read the originial post: here

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Mexico: Mexico’s next anti-money laundering czar vows action after ‘shameful’ Odebrecht

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