Mexico falls short on prosecuting money launderers

Mexico is failing to root out money laundering because it uses a reactive case-by-case investigation approach and law enforcement agencies suffer from corruption, according to a report on Wednesday by an international body that fights illicit cash.

Money laundering "is not investigated and prosecuted in a proactive and systematic fashion.... Consequently, the number of prosecutions and convictions for money laundering are very low," said the report by the Financial Action Task Force.

Source: US News