Gábor Gazsó von Klingspor, associate attorney, and Isabela Hernández-Peredo, foreign associate, both at Diaz Reus: “To effectively combat money laundering and other financial crimes in Latin America, the alliance should prioritize standardized communication, investigation and enforcement methods. It should also update or enter into treaties that facilitate mutual recognition of judicial rulings among members, enhancing cooperation. Additionally, leveraging
resources from the World Bank and Interpol can bolster cross-border investigations and prosecutions, helping to overcome jurisdictional barriers and maximizing the impact of such efforts.
One of the primary challenges facing authorities is the widespread corruption within government institutions.
This often hinders law enforcement, with officials and institutions themselves becoming obstacles to effective action. Countries like Venezuela exemplify this issue, where despite having a strong legal framework, institutionalized corruption and a culture of legal apathy undermine enforcement efforts. In countries like Mexico, a key issue is the lack of whistleblower protection.”
Can a New Alliance Effectively Fight Financial Crimes?
