CIUDAD DE MEXICO. Despite heavy media attention on Mexico's "3 out of 3 Law", under which candidates for public office are obligated to reveal the value of their current and future financial operations, including campaign expenditures, an estimated 52% of them have not yet disclose said data, even as Mexico is five days away from voting day in several regional elections.
This "3 out of 3 Law" alludes to three main financial declarations:
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Assets Declaration
Declaration of Interests
Tax Returns
Up until this Tuesday, the country's National Electoral Institute (INE) counted 33,400 transactions made through the organism's Comprehensive Audit System (SIF), which amounts to just 1% of all registered candidates. Institute authorities consider that a legal reform unnecessary, as the current legal framework is demanding enough.
However, they urged candidates to yield their finance reports before the election period is over, adding that each transaction that goes unreported for three days will be sanctioned.
Via La Jornada and Radio Fórmula
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Translated by axel.alcala@sandiegored.com
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