Mexico's Ministry of Finance and Public Credit freezes bank accounts of Hernán Bermúdez Requena and linked entities

Mexico's Ministry of Finance and Public Credit announced the blocking of the bank accounts of Hernán Bermúdez Requena, as well as those of related companies, business partners and family members, as part of an ongoing financial investigation. The action was implemented through the Fiscal Attorney’s Office and the Financial Intelligence Unit (UIF) via the National Banking and Securities Commission. The UIF ordered the freezing of assets of individuals and legal entities on the basis of suspected illicit conduct, as part of its efforts to combat illicit proceeds, money laundering, corruption and other financial crimes. The measures follow analysis of unusual financial transactions, atypical bank transfers and possible links to tax simulation schemes, while Mexico’s Ministry of the Interior simultaneously suspended the activities of other gaming and betting companies reportedly linked to relatives of the former public security secretary of Tabasco.