Cecilia Farfán-Méndez, head of research at the Center for U.S.-Mexican Studies at the University of California San Diego: “Follow-the-money approaches are certainly not new. The counternarcotics program at the U.S. Treasury’s Office of Foreign Assets Control has been operating for many years, including with a focus on Mexican criminal organizations. However, in view of the tremendous loss of life to accidental overdoses, public officials need to signal that they care and that they are acting. Prosecuting money laundering is not that easy. If we look at the number of sentences, there are typically fewer than 1,000 per year in the United States, which is arguably a high-capacity jurisdiction. This speaks to the difficulty of putting together cases and also plea bargains. The efficacy of these measures, however, will also largely depend on cooperation from other jurisdictions, in this case China and Mexico. With China, we know the United States has had significant obstacles in getting…”
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Covering Latin America’s banking and insurance sectors, remittances trends and data, micro lending issues, new technologies in the industry, anti-money laundering regulations, and much more, the Inter-American Dialogue’s biweekly Financial Services Advisor, a sister publication of the Latin America Advisor, gives readers fresh insight and diverse viewpoints from financial sector leaders. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org
Carl David
Goette-Luciak
Reporter
Nili Blanck
Reporter
Ernesto Armenteros
Vice Chairman
of the Board,
Banco de Ahorro y Credito Union
Jimena Blanco
Chief Analyst,
Verisk Maplecroft
Richard Child
CEO,
Mattrix Group
Michael Diaz
Partner,
Diaz, Reus & Targ, LLP
Ernesto Fernández Holmann
Chairman of the Board,
Ayucus
Desiree Green
Vice President,
Int’l Gov’t Affairs,
Prudential Financial
Earl Jarrett
Deputy Chairman & CEO
The Jamaica National Group
Barbara Kotschwar
Professor of Political Economy,
Georgetown University
Thomas Morante
Attorney,
Carlton Fields
Manuel Orozco
Senior Fellow,
Inter-American Dialogue
Adalberto Palma Gómez
Senior Partner,
Aperture SC
Rodolfo Pittaluga
Adjunct Professor,
Florida International University
College of Law
Roberto Teixeira da Costa
Founder & Board Member Emeritus, CEBRI
Mario Trujillo
CEO,
DolEx Dollar Express
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