Summer Nears, but No Vacation in Sight
Political temperatures are also rising, and potential conflicts and near-miss economic catastrophes are coming to a head in the Western Hemisphere and around the globe
Read moreTag Archives: U.S. Treasury Department
Mexico Ranks Second Worldwide in Capital Flight
By THE PULSE NEWS MEXICO STAFF Mexico placed as the country with the second-highest rate of capital flight in February, according to a report released earlier this week by the U.S. Treasury Department. In total, $11.531 billion in government bonds and corporate securities left the country in February, the Treasury Department said. Only Brazil registered a higher rate of capital
Read moreFor a Few Dollars More
By RICARDO CASTILLO The last brawl in this legislative year in the Mexican Congress was over the so-called “Monreal Bill” that was stuck in the middle of a verbal debate and its vote postponed until February. The bill is also known as the “Bank of Mexico,” or “Banxico Bill,” and it has already passed with leeway at the Senate, and
Read moreMexican 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 moreWhite House Official Elected to Head IDB
XINHUA Mauricio J. Claver-Carone, a senior White House official, was elected on Saturday, Sept. 12, to head the Inter-American Development Bank (IDB) amid strong opposition from Latin American countries and senior experts. Claver-Carone, who will succeed current President Luis Alberto Moreno, will take office on Oct. 1 for a five-year term, the IDB said in a statement. The IDB, bowing
Read moreMexico News Roundup
By RICARDO CASTILLO Mexico’s Economy Shielded In one of the multiple events of the four-day-long 31st Reunion of Ambassadors and Consuls 2020 organized by the Foreign Relations Secretariat (SRE) from Jan. 7 to Jan. 10, Treasury Secretary Arturo Herrera took the forum as an opportunity to claim that Mexico – one year after Andrés Manuel López Obrador’s (AMLO)
Read moreAmerica’s First Christmas
By RICH GRANT It is forever Christmas at McKonkey’s Ferry Inn. The dining room in this lovely tavern, located on the banks of the Delaware River, 42 miles upstream from Philadelphia, is always decorated as it would have been on Christmas night, 1776, when George Washington had dinner here. As Washington dined, 2,400 of his men assembled outside along the
Read moreUS Treasury Issues Assets Advisory on Nicaragua
By THE PULSE NEWS MEXICO STAFF The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) published an advisory on Thursday, Oct. 4, warning United States financial institutions that senior foreign political figures connected to the regime of Nicaraguan President Daniel Ortega may seek to transfer proceeds from acts of political corruption into the United States financial system. The statement added
Read moreUS Treasury Increases Pressure on Mexican Heroin Traffickers
By THE PULSE NEWS MEXICO STAFF The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) increased its pressure on major Mexican heroin traffickers on Tuesday, March 6, by targeting individuals and companies close to the new leadership of the Ruelas Torres drug trafficking organization (Ruelas Torres DTO). The Treasury imposed additional sanctions on eight Mexican individuals and
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