MEXICO CITY (AP) - Mexico has imposed limits on dollar transactions to fight money laundering as drug cartels ratchet up bloody attacks.
Tourists and Mexicans without bank accounts will be limited to transactions of up to $1,500 per month.
Finance Secretary Ernesto Cordero announced the plan Tuesday in a news conference.
The Treasury Department estimates about $10 billion per year in illicit cash could be feeding drug violence that has killed more than 22,700 people since a crackdown on the gangs began in late 2006.
On Monday, 12 federal police officers died in an ambush by reputed drug traffickers in the western state of Michoacan, while three officers were killed in a second attack in the northern state of Coahuila.
(COPYRIGHT 2010 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)
KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.powered by Disqus