Due to the delicate situation that we live in Mexico because of the impact that organized crime has generated within the financial and economic sectors, conducting business in compliance with national and American law has become a true challenge.
As a result, the Mexican government decided to transform the legal framework governing their fight against criminal groups with the NATIONAL STRATEGY FOR PREVENTING AND FIGHTING AGAINST MONEY LAUNDERING AND TERRORISM FINANCING.
This new policy brought strong measures which are already impacting not only the new “Vulnerable Activities” guild (the equivalent of “Designated Non-Financial Business or Profession”) but within the entire economic system due to the Federal Law for the Prevention and Identification of Transactions with Illicit Resources; so if you are not careful enough about the business daily operations you may face forfeiture judgments, OFAC blacklisting, as well as severe financial and criminal penalties.
The first step to protect a company in México is to understand the situation it is facing and then implement the appropriate AML/CTF risk-based protocols. Under this understanding, we have included in our service catalog Anti-Money Laundering and Counter Terrorist Financing seminars, conferences and trainings for the financial and economic sector as well as for Universities, Think Tanks and government entities.
The general content of a AML/CTF is comprised as follows:
1. Introduction to money laundering and terrorist financing.
2. Mexican Legal framework for AML/CTF (financial and/or economic sector).
3. Federal Law for the Prevention and Identification of Transactions with Illicit Resources (Ley Federal para la Prevención e Identificación de Operaciones con Recursos de Procedencia Ilícita).
4. Implementation of a sustainable program to prevent AML/CTF in the economic and financial system.
5. Discussion of case studies (sectoral typologies).
6. Questions and answers
It is important to note that our seminars, conferences and trainings (like our practice) are based on a AML/CTF System of Risk Management so we try that each one is adjusted to our customers operations and requirements as far as possible.
We also provide specialized trainings and lectures for Companies General Directorate, Board of Directors, Compliance Officers and AML/CTF Committees.
If you require any further information, let us know: firstname.lastname@example.org