By Zoila Palma: Mexican authorities have suspended operations at 13 casinos accused of being used to launder millions of dollars overseas, officials announced on Wednesday.
According to AP, the investigation, which spans several months and includes cooperation with U.S. authorities, uncovered a sophisticated scheme involving the use of stolen identities and overseas accounts to conceal illicit funds.
Two of the casinos belong to Grupo Salinas, a conglomerate owned by businessman Ricardo Salinas Pliego, who has frequently clashed with President Claudia Sheinbaum’s administration.
In a statement, Grupo Salinas denied any involvement in wrongdoing and accused the government of targeting its operations as part of a campaign of harassment.
According to Mexico’s top tax prosecutor, Grisel Galeano, the money-laundering operation often began with stolen identities of ordinary citizens, such as students or retirees.
These individuals would receive prepaid cards or digital codes to use at casinos, which then falsely registered large winnings under their names.
The funds were transferred to foreign front companies and tax havens before being funneled back into Mexico through casinos or other businesses.
The post International News: Mexico shuts down 13 casinos over alleged multimillion-dollar money laundering scheme appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Zoila Palma: Mexican authorities have suspended operations at 13 casinos accused of being used to launder millions of dollars overseas, officials announced on Wednesday. According to AP, the investigation, which spans several months and includes cooperation with U.S. authorities, uncovered a sophisticated scheme involving the use of stolen identities and overseas accounts to conceal
The post International News: Mexico shuts down 13 casinos over alleged multimillion-dollar money laundering scheme appeared first on Belize News and Opinion on www.breakingbelizenews.com.
