Mexico, Attorneys General From 5 States Sign Pact To Fight Money Laundering

SACRAMENTO (AP) — The top prosecutors from five U.S. states have signed an agreement with the National Banking and Securities Commission of Mexico to fight the illegal transfer of money across international boundaries.

California Attorney General Kamala Harris says the letter of intent signed Tuesday calls for officials from the countries to form a working group to fight money-laundering.

The group will help coordinate efforts between U.S. and Mexican state attorneys general, and will develop a plan for training and technical assistance in fighting the illegal transfers.

Harris released a report last week saying international criminal organizations laundered as much as $40 billion in California in 2012.

Attorneys general from Colorado, Florida, Nevada and New Mexico also signed the agreement. The five are in Mexico this week to discuss cross-border crimes.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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