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

Author/Editor:

International Monetary Fund

Publication Date:

December 27, 2005

Electronic Access:

Free Full text (PDF file size is 271 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 05/436

Subject:

English

Publication Date:

December 27, 2005

ISBN/ISSN:

9781451825664/1934-7685

Stock No:

1MEXEA2005003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

26

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