On 20 November, bnamericas reported that Mexico’s congress is poised to approve a Bill that would give the federal government’s financial crimes unit the ability to freeze bank accounts without a court order in suspected cases of money laundering and financing of terrorism. The proposed legislation, dubbed the Ley Nieto, is viewed by proponents as a powerful tool that will help the country comply with stringent international AML/CFT guidelines established by FATF. The UIF said that there are $99 million in blocked bank accounts that have not been claimed by any individual, adding that it believes it has blocked accounts holding 1 billion pesos tied to the infamous Jalisco Nueva Generación cartel, as well as 1,300 accounts held by 14 criminal organisations frozen in the so-called Operation Zócalo.
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