Tag: banks

EXCLUSIVE: Border Patrol Agents find Body Washed Ashore Brownsville River Bank

Brownsville (KFXV) — border patrol found a body on the river banks. The unidentified person was found floating in the Rio Grande River around 7 this evening near the B & M International Bridge. Authorities are investigating to see if the person was undocumented and attempting to cross. We will bring you the latest details as soon as these are...

Read More

Indictment against Former Mexico Mayor Unsealed

An indictment against the former mayor of the Mexican border city, Matamoros has been unsealed. Erick Agustin Silva Santos is sought by the U.S. government after a Grand Jury handed down an indictment this summer, charging him with money laundering and multiple counts of fraud. This, after he allegedly embezzled money while in office between 2008 and 2010 and moving the funds to American banks. If you have any information that could help authorities apprehend Silva Santos you are asked to call homeland security investigations at (956)...

Read More

Alleged Cartel Member Arrested In Mcallen

Twenty-seven-year-old Juan Francisco Saenz-Tamez, aka metro 103, was brought to federal court to face Judge Dorina Ramos in a detention hearing, after his arrest by homeland security agents with the assistance of U.S.D.A. and McAllen police. This according to the U.S. Attorney’s office which identified him under the name of Mario Guadalupe today Saenz admitted he went under that alias. The criminal complaint states Saenz drove a truck registered under the U.S. Department of Agriculture to the river banks of the Rio Grande in Hidalgo County where he allegedly picked up a bag left in the brush. A bag...

Read More

Mexican President Peña-Nieto Visits Border City

The Mexican president along with his treasury secretary moved to eliminate restrictions on the use of U.S. dollars in cash, something they say would curb money laundering along the border. As part of his tour through the Mexican state of Tamaulipas, Enrique Peña-Nieto signed a decree in the city of Reynosa which would essentially eliminate the limits on the use of U.S. dollars in cash by Mexican enterprises. This with the purpose of easing international commerce and help prevent money laundering. In 2010, under the previous administration, the Mexican treasury implemented limits on bank deposits of up to 14 thousand dollars a month for businesses such as border factories also known as ‘maquiladoras’. The reasoning behind that decision then was in part to avoid cash flow from illegal activities. Now president Peña-Nieto decided to do away with the caps and instead set regulations for companies who wish to participate. They must have three years in existence, be strictly monitored by banks and justify the need to operate over the $14,000 mark. In addition to these changes, the head of state order the closure of nine internal checkpoints along the northern Mexican states, meaningless custom restrictions that the government hopes will help transport of goods and people. Peña-Nieto says the decree will promote further savings for Mexican citizens and encourage competitivity and earnings for companies on both sides of the...

Read More
  • 1
  • 2