Mexico; Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

This report assesses the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Mexico. The report highlights that Mexico has removed specific exemptions to customer identification obligations, implemented online reporting forms and a new automated transmission process for reporting transactions to the financial intelligence unit. Financial institutions with a reporting obligation (reporting institutions) now require occasional customers performing transactions equivalent to or exceeding US$3,000 in value to be identified so that the transactions can be aggregated daily.

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Year of publication:	2005-12-27
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Reports on the Observance of Standards and Codes \| money laundering \| terrorist financing \| law enforcement \| terrorist \| money remitters \| terrorism \| foreign exchange offices \| customer identification \| financing of terrorism \| legal assistance \| suspicious transactions \| judicial authorities \| supervisory authorities \| financial intelligence unit \| terrorist assets \| criminal investigation \| law enforcement agencies \| identification obligations \| terrorist financing cases \| criminal liability \| secrecy laws \| terrorist financing measures \| enforcement authorities \| money laundering offence \| confiscation proceedings \| competent authorities \| legal assistance requests \| information exchange \| international cooperation \| financial secrecy \| drug trafficking \| transaction reports \| identification procedures \| customer identification requirements \| criminal offence \| law enforcement authorities \| wire transfer \| beneficial owners \| shell corporations \| domestic terrorism \| suspicious transaction \| reporting forms \| legal entity \| foreign branches \| securities firms \| monetary instruments \| customer identification information \| legal entities \| supervisory authority \| criminal activity \| account number \| penal code \| record keeping requirements \| cross border transactions \| criminal justice measures \| bank secrecy laws \| illegal activities \| large cash transactions \| money laundering cases \| beneficial ownership \| compliance officer \| administrative sanctions \| alternative remittance \| due diligence \| money laundering issues \| border transactions \| criminal justice \| counter terrorist financing \| cash transactions \| domestic legislation \| terrorist organisations \| criminal offense \| regulatory authorities \| unusual transactions \| criminal law enforcement \| confiscating assets \| reporting obligations \| reporting requirements \| customer identification policies \| predicate offence \| federal investigations \| financial intermediaries \| anti-terrorism \| money laundering charges \| investigative techniques \| international conventions \| assessment methodology \| criminal matters \| criminal intelligence \| criminal proceeds \| customer identification procedures \| good faith \| complete originator information \| suspicious transaction reports \| terrorists \| terrorist act \| confiscated assets \| money laundering investigations \| customer transactions \| narcotic drugs \| foreign authorities \| internal controls \| illegal proceeds \| business relations \| customer accounts \| international treaties \| transaction reporting \| transaction reporting requirements \| cash transaction \| internal procedures \| intelligence information \| public safety \| insurance intermediaries

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 05/436 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005825363