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Felipe Calderon

  • Mexican president signs money-laundering law Tuesday, 16 Oct 2012 | 10:33 AM ET

    MEXICO CITY-- Mexican President Felipe Calderon has signed into law a ban on large cash transactions as part of an effort to fight money laundering that experts estimate may amount to around $10 billion per year in Mexico. The bill forbids buyers and sellers from giving or accepting cash payments of more than a half million pesos for real-estate purchases.

  • Mexico passes anti-laundering cash purchases ban Thursday, 11 Oct 2012 | 7:51 PM ET

    MEXICO CITY-- Mexico's Senate passed a bill Thursday banning large cash transactions as part of an effort to fight money laundering that experts estimate may amount to around $10 billion per year in Mexico. It also forbids cash purchases of more than 200,000 pesos for automobiles or items like jewelry and lottery tickets.

  • Mexico announces big Gulf deep water oil find Friday, 5 Oct 2012 | 3:29 PM ET

    MEXICO CITY-- Mexico's state-owned oil company reports it has found possible reserves of as much as 125 million barrels of oil at a deep-water well in the Gulf of Mexico. It notes that if proven, that would double Mexico's current proven reserves. President Felipe Calderon announced the discovery Friday.