Financial Regulators in Mexico are busy reinforcing the prevention of money laundering and terrorist financing. Next in Latin America Screening News.
Salvador Díaz de León, President of the Association for the prevention of money Laundering and Economic Crime, affirmed that the risk of money laundering has increased during the coronavirus emergency: the theft of information, cyber fraud or the sale of fake medicine.
This means that both financial institutions need to maximize their levels of anti-money laundering compliance and operate with the highest level of vigilance. Diaz de León stressed that companies should be more vigilant during these times and hire certified compliance officers to ensure the fight against laundering.