Mexico City, Mexico - Money laundering in Mexico has grown significantly in the last year, according to a report released by the Finance Intelligence Unit (UIF) of Mexico’s State Treasury this week.
According to the data, in the third quarter of 2014, Mexican authorities reviewed 52 allegations of money laundering - up 72 percent from the same period of 2013.
During the 2013 fiscal year, the tax office investigated 84 alleged cases of "concealing money sources" compared to just 35 in 2012.
The UIF also revealed that in 2013, they received 51,940 accusations of "unusual financial operations," while 86,293 have been reported so far year.
The Tax and Treasury office also indicated that financial crimes by businessmen also seems to be on the rise, with 126 reported cases of "suspicious financial operations" in the third quarter of 2014 being attributed to directors of financial institutions. During the same period in 2013, there were 79 such cases connected to finance heads.
The tax office data was revealed just days after authorities decided to intervene in the investigation of Mexico's popular financial institution FICREA, after it was discovered that someone inside the company was laundering money.
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