At the beginning, activities classified under the term of Money Laundering were considered a matter that concerned banking institutions. However, Mexico began to formally adopt combatting this crime in 1989. The evolution of this matter implied modifications to the Criminal Code. Subsequently, the National Banking and Securities Commission adopted international standards in this regard. In addition, the Federal Law for the Prevention and Identification of Transactions with Resources of Illicit Resources and Financing of Terrorism was enacted in 2012.

At present, the issue of "Money laundering" extends beyond what banks are and comprises the majority of financial institutions, as well as other entities and organizations related to what the Law deems Vulnerable Activities. This is why organizations must be sure that their involvement in activities defined under this scheme is clear. They should further adopt the necessary measures to comply with the applicable legal provisions.

Our Firm has personnel trained in this area,  this allows us to provide proper support to make initial diagnoses to determine your current situation, develop or supervise the manuals, establish the policies and procedures applicable to the case, as well as carry out review and verification activities. Our Firm has partners certified by the CNBV (National Banking and Securities Commission) to issue the audit opinion that some institutions are required to file by such Commission.