Tag Archives: money laundering

FGR Seeks 82.5 Years in Prison for Alleged Scientist ‘Ringleaders’

By KELIN DILLON  As Mexico’s Attorney General of the Republic (FGR) Alejandro Gertz Manero continues his pursuit to put 31 of the nation’s scientists behind bars, the FGR has emerged with accusations against nine former officials of the National Council for Science and Technology (Conacyt) and Consultative, Scientific and Technological Forum (FCCyT) that could land them each up to 82.5

Read more

Former Coahuila Governor Sentenced to Three Years in Prison

By KELIN DILLON Former interim governor of the Mexican state of Coahuila, Jorge Torres López, was sentenced to three years in federal prison by a Texas court on Wednesday, June 23, for the crime of money laundering. The 67-year-old, who replaced Humberto Moreira as Coahuila’s governor for a brief time in 2011, pleaded guilty to the charges in June 2020.

Read more

Mexican Banks Implement Mandatory Geolocation for Transactions

By KELIN DILLON As of Tuesday, March 23, all online and mobile users of Mexican banks will be required to authorize the use of geolocation (meaning the precise active location at time of use) when performing any kind of banking operations. If users deny the enabling of geolocation, they will be barred from completing any transactions until they do so,

Read more

Mexico Ups Ante with Demands to US for García Luna Extradition

XINHUA Having won last month the first round of a legal faceoff with the United States — the return of the country’s former Defense Secretary Salvador Cienfuegos, who had been arrested on drug trafficking and money laundering charges in Los Angeles in October — Mexican President Andrés Manuel López Obrador (AMLO) upped the ante Monday, Dec. 7, by demanding the

Read more

Former Mexican Defense Head Detained in US

By THE PULSE NEWS MEXICO STAFF Salvador Cienfuegos Zepeda, Mexico’s former secretary of defense, was detained in the Los Angeles International Airport, along with his family, by U.S. Drug Enfrcement Agency (DEA) officials, along with his family, late Thursday, Oct. 15, on suspicion of drug traficking. Cienfuegos Zepeda, who served ias the country’s top military leader from 2012 to 2018,

Read more

Mexican Official Accused of Laundering Cash

By JORGE ANTONIO ROCHA According to a recent U.S. multi-agency investigation, Ramón García Gibson, a current high-ranking official at Mexico’s Treasury Secretariat (Hacienda) and a former employee of HSBC Bank in Mexico, was responsible for allowing that financial institution to become the country’s leading bank of choice for organized crime. HSBC, a British-based multinational investment bank, allegedly allowed Mexican and

Read more
« Older Entries Recent Entries »