To effectively respond to criminal and terrorist threats, law enforcement officials pursue evolving technologies. Take the Transportation Security Administration, which since September 11th, regularly unrolls new procedures, technologies, and rules. Sometimes, as with the 2001 Shoe Bomb Plot after which passengers must remove their shoes for screening, these adaptations come as a response to a specific terrorist attack or attempt. Other times, TSA unveils new technologies to keep ahead of those threats that are still unknown.
The same is true with money laundering. Governments and law enforcement officials are continually seeking new methods of detection, new financial rules, and new procedures in hopes of staying one step ahead of the criminals.
Mexico, which has a particular problem with money laundering, also has crafted some particularly innovative anti-money laundering responses. Mexican President Felipe Calderon, who has called illicit money “vital for criminals,” has crafted a variety of money-laundering laws to help stem the flow of dirty money. For example, some reforms bar cash purchases of real estate and limit cash purchases of items like cars and planes with a price tag that exceeds $10,000. In June, Mexico announced it would on cash deposits and withdrawals made in American dollars. Under the new rules “Mexicans with bank accounts can deposit as much as $4,000 in cash per month, but Mexicans without accounts can exchange only $300 a day up to $1,500 a month.”
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