US EditionMexico suspends 13 casinos for alleged money laundering
- On Wednesday, Mexican authorities suspended operations at 13 casinos alleged to have laundered millions overseas, part of a monthslong probe involving the United States.
- Prosecutors say the scheme began with stolen identities, then funds were transferred to overseas accounts of front businesses and moved into tax havens.
- Students, homemakers or retirees were reportedly given electronically prepaid cards or codes, which casinos then used to register windfalls of millions after small bets.
- Grupo Salinas responded that 13 casinos were suspended, denying wrongdoing, while Omar García Harfuch said three had ties to organized crime.
- The probe suggests that prosecutors say the laundered money was later sent back to Mexico through casinos or other companies, and the 13 companies involved allegedly had ties to organized crime.
22 Articles
22 Articles
Mexico City.- After an inquiry by the Federal Security Cabinet and areas of the Ministry of Finance and Public Credit (SHCP), it was revealed how companies launder money with casinos and entertainment centers through cash operations, but also with digital transfers. CLOSED Since November 11, it was reported through a statement that the federal government closed 13 casinos with digital establishments and platforms for their million dollar operati…
13 casinos were formally reported by the federal government to the Attorney General's Office of the Republic (FGR) for alleged operations with resources of illicit origin and related crimes such as money laundering, authorities reported in an official statement. The investigations, based on a thorough financial analysis, revealed a money laundering network that, according to the authorities, was executed through atypical economic movements in ga…
The 13 casinos that were blocked by federal authorities made use of the most classic forms of money laundering, confirmed this morning the Secretary of Security and Citizen Protection, Omar García Harfuch: use of cash to erase the trace of the origin of money, tax simulation and millions of transfers to tax havens. During the [...] The Thirteen casinos charge used tax havens, cash and simulation to ‘wash money’ first appeared on Contralínea.
Alma E. Muñoz and Arturo Sánchez Ciudad de México. Omar García Harfuch, Secretary of Security and Citizen Protection, explained that the identification of 13 casinos used to launder money – including two from Grupo Salinas – resulted from systematic research and financial analysis to dismantle transnational activities. In a video of the agency's position, it was explained that they used front companies and as intermediaries to students and peopl…
By Jorge Gutiérrez The Secretary of Security and Citizen Protection, Omar García Harfuch, reported that 13 casinos used to wash money were identified, among them two belonging to Grupo Salinas, explained that the finding is the result of a work of financial analysis and inter-institutional coordination with the Financial Intelligence Unit (UIF), the Ministry of Finance and the Prosecutor's Office.The investigations revealed that the illegal oper…
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