Mexico: Detailed Assessment Report-Anti-Money Laundering and Combating the Financing of Terrorism

January 3, 2018

Preview Citation

Format: Chicago

Mexico: Detailed Assessment Report-Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2018) accessed November 23, 2024

Summary

This report provides a summary of the anti-money laundering/combating the financing of terrorism (AML/CFT) measures in place in Mexico. Mexico has a mature AML/CFT regime, with a correspondingly well-developed legal and institutional framework. Most of the key authorities have a good understanding of money laundering (ML) and terrorist financing risks, and there is generally good policy cooperation and coordination. The financial sector demonstrates a good understanding of the primary ML threats from organized crime groups and associated criminal activities as well as tax crimes, but the recognition of corruption as a main threat is uneven. Financial intelligence and other relevant information are made available by the financial intelligence unit and accessed on a regular basis by competent authorities.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Corruption, Crime, Currencies, Legal support in revenue administration, Revenue administration, Tax evasion

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Central America, CFT obligation, Corruption, CR, Drug trafficking, ISCR, Legal support in revenue administration, Private sector, Risk assessment, South America, Tax evasion, TF risk, U.S. dollar

Publication Details

Pages:

250
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/405
Stock No:

1MEXEA2017005
ISBN:

9781484335482
ISSN:

1934-7685

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