mx

AML/CTF compliance in Mexico

Ancient Mayan Pyramid at the Muyil site in Quintana Roo, Mexico

MemberCheck's solutions for Mexico

Scan your clients against global PEP & Sanction data sources.

Keep up to date on risks your clients face by using reliable worldwide media.

Our EDD service helps identify and mitigate high-risk client.

Who are Mexico's AML/CTF Supervisors?

The Mexican financial system has several competent authorities which are in charge of its regulation and supervision. Its AML/CTF regulation and supervision is at the forefront of international standards and global trends, in many ways.

Mexico Continent

National Banking and Securities Commission (CNBV)

National Banking and Securities Commission is an independent body responsible for supervising and controlling banks and all other financial institutions not covered by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR) or the Comisión Nacional de Seguros y Fianzas (CNSF) regarding their anti-money laundering and counter-terrorism financing (AML/CTF) procedures, as well as authorising intermediaries seeking to access the financial market.

Ministry of Finance and Public Credit (SHCP)

Ministry of Finance and Public Creditis is the body responsible for the overall regulation of compliance with AML/CTF obligations. Operational responsibility is delegated by statute to the CNVB, CNSF, CONSAR, and SAT. Through a number of administrative units, it issues AML/CTF regulations, supervises the adequate compliance of financial and non financial entities with their AML/CTF obligations and receives, analyses and disseminates relevant information to competent authorities. The Undersecretary of Finance and Public Credit prepares all regulations applicable to FIs through the following units:

  • Banking, Securities and Savings Unit (UBVA)
  • Development Banking Unit (UBD)
  • Insurance, Pensions and Social Security Unit (USPSS)

Financial Intelligence Unit (FIU)

Financial Intelligence Unit is under the SHCP and is responsible for receiving, analysing, and disseminating to competent authorities, the information contained in the different types of AML/CTF reports, requesting information, documentation, data and images related to ML/TF from financial entities, drafting AML/CTF regulation, making requests for prosecution to the PGR on AML/CTF cases, notifying financial supervisors of any non-compliance on the reporting obligations of financial entities.

Attorney General’s Office (PGR)

Attorney General’s Office (PGR) is the unit in charge of investigating and prosecuting money laundering and terrorist financing. This unit also has the ability to confiscate assets of illicit origin, which are administered by the SAE; a decentralized public agency of the Federal public Administration with legal personality and an independent budget.

How to comply with AML/CTF regulations in Mexico?

Reporting entities are required to document their policies relating to matters of AML/CTF. These policies may contain the following: 

What are the AML/CTF reporting obligations in Mexico?

The following reports must be filed through the regulator’s AML electronic platform:

How can
MemberCheck Help?

We provide our clients with a secure and simple solution for scanning for politically exposed or high-risk individuals, as well as checking names against sanction, regulatory, law enforcement, and other official lists.

Use our sophisticated scan filters and due diligence workflow to minimise, and reduce the amount of time you spend sorting through, false matches. Scan results and reporting sections allow you to access customer details, whenever and wherever required, as well as download reports, to customise for further investigation or to provide evidence of your AML program compliance, for auditing purposes.

MemberCheck Dashboard User Interface
Flexigroup-Limited-Logo.png
The_Co-operative_Bank_(New_Zealand)_logo

* This page is intended as general information only and should not be relied on as the sole source of information for your AML obligations and AML program. Please visit your local regulatory authority sites for the latest relevant and full information.

Make your AML/CFT compliance effortless with MemberCheck