Mexico [electronic resource] : Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism.

International Monetary Fund
Washington, D.C. : International Monetary Fund, 2005.
IMF eLibrary
IMF Staff Country Reports; Country Report No. 05/436.
IMF Staff Country Reports; Country Report No. 05/436
Government document
1 online resource (26 p.)
Local subjects:
Account number.
Administrative sanctions.
Alternative remittance.
Assessment methodology.
Bank secrecy laws.
Beneficial owners.
Beneficial ownership.
Border transactions.
Business relations.
Cash transaction.
Cash transactions.
Combating the financing of terrorism.
Competent authorities.
Complete originator information.
Compliance officer.
Confiscated assets.
Confiscating assets.
Confiscation proceedings.
Counter terrorist financing.
Criminal activity.
Criminal intelligence.
Criminal investigation.
Criminal justice.
Criminal justice measures.
Criminal law enforcement.
Criminal liability.
Criminal matters.
Criminal offence.
Criminal offense.
Criminal proceeds.
Cross border transactions.
Customer accounts.
Customer identification.
Customer identification information.
Customer identification policies.
Customer identification procedures.
Customer identification requirements.
Customer transactions.
Domestic legislation.
Domestic terrorism.
Drug trafficking.
Due diligence.
Enforcement authorities.
Federal investigations.
Financial intelligence unit.
Financial intermediaries.
Financial secrecy.
Financing of terrorism.
Foreign authorities.
Foreign branches.
Foreign exchange offices.
Good faith.
Identification obligations.
Identification procedures.
Illegal activities.
Illegal proceeds.
Information exchange.
Insurance intermediaries.
Intelligence information.
Internal controls.
Internal procedures.
International conventions.
International cooperation.
International treaties.
Investigative techniques.
Judicial authorities.
Large cash transactions.
Law enforcement.
Law enforcement agencies.
Law enforcement authorities.
Legal assistance.
Legal assistance requests.
Legal entities.
Legal entity.
Monetary instruments.
Money laundering.
Money laundering cases.
Money laundering charges.
Money laundering investigations.
Money laundering issues.
Money laundering offence.
Money remitters.
Narcotic drugs.
Penal code.
Predicate offence.
Public safety.
Record keeping requirements.
Regulatory authorities.
Reporting forms.
Reporting obligations.
Reporting requirements.
Reports on the Observance of Standards and Codes.
Secrecy laws.
Securities firms.
Shell corporations.
Supervisory authorities.
Supervisory authority.
Suspicious transaction.
Suspicious transaction reports.
Suspicious transactions.
Terrorist act.
Terrorist assets.
Terrorist financing.
Terrorist financing cases.
Terrorist financing measures.
Terrorist organisations.
Transaction reporting.
Transaction reporting requirements.
Transaction reports.
Unusual transactions.
Wire transfer.
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 ,000 in value to be identified so that the transactions can be aggregated daily.
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International Monetary Fund
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