BUSINESS
11/09/2010 04:16 pm ET Updated May 25, 2011

Money-Laundering Crackdown Cuts Mexican Dollar Deposits 75% In Two Months

Mexican companies reduced dollar cash deposits by 75 percent since President Felipe Calderon in September restricted some currency exchanges to fight money laundering by drug gangs, said Guillermo Babatz, president of the National Securities and Banking Commission.

Read more on Bloomberg