World Compliance: Fighting Corruption South of the Border

MIAMI, Feb. 1 /PRNewswire/ -- Miami-based World Compliance, an open source intelligence company announced a partnership with Garcia Gibson Consulting; a consulting firm specializing in legal, compliance, anti-money laundering and anti-terrorism financing based in Mexico.

Both companies have strong ties in the compliance industry throughout Latin America and are poised to make major inroads in the Mexico market. "Based on the government's renewed efforts to crack down on the drug problem, our management teams see this as a unique opportunity to lend our expertise in a timely and effective manner," said Jose DaSilva, Sales Director for World Compliance Latin America.

The drug war that has raged across Mexico in the past three years has claimed over 17,000 lives. Since 2006 when the government began cracking down on the drug cartels, over 80,000 cartel members have been imprisoned. Even though, the war persists unabated with new legions joining the cartels in search of what is perceived as a fast track to riches.

The influx of money also creates a problem for the cartel as they seek ways to hide its source. "Money laundering has taken on new guises and extremely intricate transactions to keep pace with law enforcement," added Mr. DaSilva.  

While financial institutions have aggressively implemented risk management software and processes to combat this, other industries have been slow to follow.    

About Garcia Gibson Consulting

Garcia Gibson Consulting is a firm of experts who provide consultancy and solutions to meet the needs of clients concerning legal, compliance, anti-money laundering and terrorism financing issues.

The firm's founder Ramon Garcia Gibson was the Head of the Compliance Department of HSBC for Mexico, Central America, Colombia, and Venezuela. Mr. Garcia Gibson was also the Chairman of several AML Committees; among these were HSBC Mexico, Grupo Financiero Banamex-Citigroup and Grupo Financiero Santander/Serfin.

He has lectured on Anti-Money Laundering / Terrorism Financing and Compliance topics around the world and authored several articles on these subjects too. His latest book "Anti-Money Laundering and Counter Terrorist Financing", was published in 2009 by the National Criminal Science Institute.

To learn more about Garcia Gibson Consulting go to www.garciagibson-consultores.com

About World Compliance

World Compliance protects over 2000 clients in over 100 countries and offers solutions for compliance with FCPA, The USA Patriot Act and European Union regulations. Their products are used to identify entities linked to over twenty risk categories including corruption, terrorism financing, narcotics, money laundering, fraud, collateral crimes and politically exposed persons.

To learn more about World Compliance and protecting your organization, go to www.worldcompliance.com

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SOURCE World Compliance