Reuters: Head of Mexico’s Financial Crimes Unit Resigns

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The head of Mexico’s Financial Intelligence Unit, a part of the finance ministry tasked with combating and preventing money laundering, resigned on Wednesday, two sources with direct knowledge of the matter told Reuters.

The resignation of Alberto Bazbaz comes amid a seismic shift in Mexico’s political landscape ahead of a key July presidential election and follows a critical report by the Financial Action Task Force (FATF), an international organization that sets global standards for fighting illicit finance.

The FATF’s report last week criticized Mexico for failing to systematically prosecute money launderers.

Bazbaz’s reasons for resigning from the position he held since 2013 were not immediately clear.

Read the original article here: reuters.com


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