Mexican Seizure of Gaxiola Bank Account Signals New Cooperation and Tension in Anti-Money Laundering Enforcement Cooperation

On March 12, 1997, testimony by U.S. Deputy Treasury Secretary, Lawrence H. Summers, to the Senate Foreign Relations Committee, and other reports indicate that the Mexican and U.S. Governments are actively cooperating on freezing, seizing and prosecuting anti-money laundering, albeit tension exists over the effectiveness of the cooperation ... [more]