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Accession Number ADA562631
Title Reframing Financial Sector Identity: Options For Reducing Mexican Drug Cartel Economic Power.
Publication Date Jan 2012
Media Count 49p
Personal Author W. S. Cunningham
Abstract Recent analyses of Mexican drug cartels' societal control and challenge to security reveal an insurgency in the making. More dangerous is the fact that the cartels are the most successful transnational criminal organization in history. Their strength comes not only from the ability to inflict harm or deliver tons of drugs. This paper argues their greatest source of power is monetary. Analysis shows Mexican drug cartels have a mature economic model that leverages the informal economy and includes a broad base of business ownership, and depth in assets beyond drug trade. Of greater concern, the cartels have a wide span of control in banking and finance. A proper understanding of these financial networks is needed because both the United States and Mexico are failing to control the fiscal batttlespace. The paper reveals Mexican laws and regulations still lack basic international standards and also highlights that banking controls in both countries are vulnerable. Finally, the paper argues renewed government and private sector partnership and investment are needed to replace the drug cartel's financial culture with a new identity that permeates the banking sector. Without fundamental cultural change and resolution of gaps in regulation, the cartel business enterprise will continue to enable security challenges on both sides of the border.
Keywords Banking
Dhs(Department of homeland security)
Drug cartels
Drug smuggling
Homeland security
Money laundering
Ofac(Office of foreign assets control)
Organized crime

Source Agency Non Paid ADAS
NTIS Subject Category 92C - Social Concerns
92D - Education, Law, & Humanities
74G - Military Operations, Strategy, & Tactics
Corporate Author Naval War Coll., Newport, RI. Joint Military Operations Dept.
Document Type Technical report
Title Note Final rept.
NTIS Issue Number 1225
Contract Number N/A

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