Extortion of Foreign Companies in Mexico

The American Chamber in Mexico conducted a survey of  541 companies from US, British and Japanese companies that operate in Mexico in order to determine the rate of extortion by drug trafficking cartels. Out of the 541 companies, 36 percent of companies reported receiving extortion attempts by criminal gangs in 2013. In the previous year, the number of companies reporting extortion threats was 18 percent.

28 percent of the firms surveyed stated that they had hired additional security personnel and consultants. About 4 percent of total costs were related to security costs.

Source:  Associated Press, “US chamber study: Drug cartels’ extortion demands on businesses make big jump in Mexico,” Washington Post, May 29, 2013.