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Anti-Money-Laundering Measures Challenge Global Banks In Mexico
Monday, March 20, 2017 3:49
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from the Dallas Fed
– this post authored by Michael Perez
Global banks are taking precautions in Mexico amid tighter anti-money-laundering regulations that have prompted some institutions to leave the market. The total number of foreignowned bank branches operating in Mexico fell 7.4 percent between 2011 and 2016, partially the result of stricter regulations. Meanwhile, the number of domestically owned branches grew 22.5 percent (see chart).
Source: http://econintersect.com/pages/contributors/contributor.php?post=201703200534
