The Latest FinCrime News from LATAM
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Massive Argentine Football Money Laundering Sweep
The sweeping money laundering enforcement action involving the Argentine Football Association (AFA) and multiple top-tier clubs focuses on the activities of sponsor Sur Finanzas, which is accused of using sponsorship and loan agreements to facilitate tax evasion equivalent to over 550 million USD.
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Leader of Drug Money Laundering Network Sentenced After $1.2 Million Scheme
A drug money laundering scheme that moved $1.2M through bulk cash pickups and rapid cross border deposits resulted in a five year jail sentence after a guilty plea.
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From Chips to Cash: Casino-Based Money Laundering in the Sinaloa Cartel Case
FinCEN’s recent action identifies the casino network as a money-laundering conduit for the Sinaloa Cartel, underscoring how casino-based transactions can breach U.S. correspondent banking defences.
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From Campaign Funds to Cartel Cash Colombia’s AML Crisis
Sanctions against Colombia’s president expose deep money-laundering networks where political power and narcotics trafficking intertwine.
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Peru Cracks Down on Dirty Money in the Online Gambling Boom
Peru’s new AML framework targets money laundering in online gambling AML, requiring operators to implement due diligence, real-time monitoring, and strict reporting measures to prevent illicit flows disguised as winnings.
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Cuban-Led Network Faces 200 Years for Drug Money Laundering in Spain
A trial in Spain reveals the scale of money laundering by a criminal network led by a Cuban ringleader, exposing links to drug trafficking and transnational transfers.
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439 Million Recovered in Landmark Anti-Laundering Global Operation Led by Interpol
Operation HAECHI VI revealed how money laundering sustains cyber-enabled financial crime, with USD 439 million recovered across 40 countries.
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Mexico Strikes Money Laundering Network of Los Mayos with Freezes
Mexico UIF’s recent freeze exposes how money laundering by the Los Mayos cartel intertwines business, political influence and AML reforms with serious preventive action
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Grenada’s New AML Policy Sparks Confidence in Investment Migration
Grenada has approved a new AML policy to combat money laundering risks in its investment migration programme, aligning with EU and global compliance frameworks.
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Atlanco CEO Carl Zaglin found guilty in Honduras bribery and laundering scandal
Atlanco CEO Carl Zaglin was convicted for money laundering and bribery in a 10 million dollar scheme with Honduran officials, showing how corporate corruption exploits global systems.
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Peru’s President Toledo Gets 13 Years for Odebrecht Money Laundering
Peru’s President Alejandro Toledo laundered Odebrecht bribes through offshore shell companies and real estate, exposing AML failures and systemic weaknesses.
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Uruguay’s 2025-2030 Strategy to Transform Money Laundering Fight
Uruguay money laundering strategy for 2025–2030 strengthens laws, coordination, and enforcement to curb illicit finance and boost AML prevention.
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Millions Lost in Mexico as Narco Rapper Sanctioned for Money Laundering
El Makabelico faces allegations of channeling music revenue to a violent cartel, exposing how the entertainment industry can be exploited for large-scale money laundering.
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165 Million-Peso Seizure Exposes Gaps in Argentina’s AML Fight
Argentina’s 165 million-peso property seizure through decomiso anticipado highlights a major laundering case but exposes weaknesses in the country’s AML/CFT framework.
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Money Laundering Allegations and Fatal Police Raid on Paraguayan Congressman Eulalio Gomes Batista
Money laundering in Paraguay came under intense scrutiny after Congressman Eulalio Gomes Batista was killed during a police raid, with ongoing investigations highlighting the role of the Financial Intelligence Unit and transnational crime networks.
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How Terrorism Financing Exploits Bitcoin’s Safe-Haven Status in Argentina
Terrorism financing risks come into sharp focus as Argentina freezes Bitcoin wallets, highlighting the compliance challenge of distinguishing safe-haven use from illicit flows.
Other News From LATAM
Massive Argentine Football Money Laundering Sweep
The sweeping money laundering enforcement action involving the Argentine Football Association (AFA) and multiple top-tier clubs focuses on the activities of sponsor Sur Finanzas, which is accused of using sponsorship and loan agreements to facilitate tax evasion equivalent to over 550 million USD.
Leader of Drug Money Laundering Network Sentenced After $1.2 Million Scheme
A drug money laundering scheme that moved $1.2M through bulk cash pickups and rapid cross border deposits resulted in a five year jail sentence after a guilty plea.
From Chips to Cash: Casino-Based Money Laundering in the Sinaloa Cartel Case
FinCEN’s recent action identifies the casino network as a money-laundering conduit for the Sinaloa Cartel, underscoring how casino-based transactions can breach U.S. correspondent banking defences.