Friday, February 3, 2012

Mexico adopts a whistleblower program

Just when I thought I've seen it all, Reuters is reporting that Mexico has adopted a whistleblower program.  Having grown up on the U.S. - Mexico border and traveled extensively in Mexico, corruption is a huge problem in Mexico.  Corruption prevents Mexico from taking the next step towards its remarkable progression of becoming a fully modern nation state.  Corruption damages the evolving free-enterprise system in Mexico.  Corruption sets in place the monopolies that many Mexican oligarchs enjoy in Mexico.  And corruption pollutes the evolving democracy movement in Mexico.  Perhaps this Mexican whistleblower program is a recognition that government officials can no longer be trusted to enforce the law in Mexico but that their only hope is with whistleblowers, who now have an incentive to help clean up corruption.

Click here for the article.  Here is an excerpt:
The Mexican attorney general's office has created a whistleblower program to reward those who report suspected money laundering, but U.S. enforcement officials voiced skepticism that it will work.  The goal of the program, announced this week, is to attack the pocketbooks of the drug cartels that dominate parts of the country. According to the U.S. government's best estimate, Mexico's drug cartels smuggle tens of billions of dollars, mostly U.S. currency, across the U.S.-Mexico frontier each year.

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