Manuel López Obrador Mexico president Bill Fox Manuel López Obrador Mexico

The Mexican government's new banking bill purports to buy up dirty cash

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Organized crime and drug cartels south of the border could soon receive a swell of cash if a new bill passes in Mexico next month, compelling the Central Bank to buy money of questionable origin.

The hotly contested bank bill, which already has won Senate approval, was slated for a vote by the lower house of congress late last year but was delayed until February despite ardent backing by President Andrés Manuel López Obrador's and his Morena party.

In this March 2, 2019 photo, a Customs and Border Control agent patrols on the U.S. side of a razor-wire-covered border wall along Mexico east of Nogales, Ariz.

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