On June 23, 2022, The Legal 500 GC Summit Mexico introduced the Diaz Reus panel “Investigations and Actions Targeting White Collar Crime in Mexico: What Businesses Should Know”, with FBI Money Laundering Unit Management and Program Analyst Sandra L. Baez; JLL chief legal counsel and compliance officer Agustin Ballina Casares; Diaz Reus partners Michael Diaz, Jr. and Javier Coronado; and Diaz Reus Investigator and Business Intelligence Consultant Alexander Morales.
There have been an increasing number of U.S. initiatives to fight corruption, money laundering, and human trafficking in Mexico, including Homeland Security’s Operation Sentinel, and the creation of special task forces to increase investigations, prosecutions, and asset recoveries relating to criminal activity in Mexico. Against this backdrop, and based on the enforcement framework set forth by the Foreign Corrupt Practices Act, the Anti-Money Laundering Act, and the Global Magnitsky Act, the speakers shared their insight into the following topics:
• The potential impact of the U.S. initiatives targeting criminal activity to companies and financial institutions in Mexico.
• Practices that may trigger U.S. anti-corruption and/or anti-money laundering enforcement.
• The U.S. legal remedies to identify, locate, trace, secure and recover misappropriated funds and assets.
• The U.S. discovery tools to obtain evidence in U.S. territory for use in Mexican legal proceedings, including in white collar investigations and disputes.
The panel session was followed by the closing remarks from Tim Girven, Editor, The Legal500 Latin America.