IMF Staff Country Reports

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

January 3, 2018

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Mexico: Detailed Assessment Report-Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2018) accessed September 19, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2017/405

  • Stock No:

    1MEXEA2017005

  • ISBN:

    9781484335482

  • ISSN:

    1934-7685