State AGs, Mexico Agree To Form AML Working Group

State Attorney General Anti-Money Laundering

On March 25, California Attorney General (AG) Kamala Harris announced that she and four other state AGs—Suthers (CO), Bondi (FL), Cortez Masto (NV), and King (NM)—signed a letter of intent with the President of the National Banking and Securities Commission of Mexico to establish a bi-national working group on money laundering enforcement. The working group will be tasked with (i) establishing the scope of coordination between Mexico and U.S. state AGs on money laundering enforcement issues; (ii) developing a plan for mutual technical assistance and training on combating money laundering; and (iii) sharing best practices on money laundering enforcement techniques and other enforcement issues of mutual concern, including the impact of money laundering on the border region of the U.S. and Mexico.