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

International Monetary Fund

No 2017/405, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; U.S. dollar; private sector; drug trafficking; risk assessment; TF risk; CFT obligation; Anti-money laundering and combating the financing of terrorism (AML/CFT); Legal support in revenue administration; Corruption; Tax evasion; Central America; South America (search for similar items in EconPapers)
Pages: 250
Date: 2018-01-03
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