The Financial Intelligence Unit (UIF) of Mexico has introduced new best practice guidelines to strengthen the national framework for preventing and combating money laundering and the financing of illegal activities. Announced in conjunction with the National Banking and Securities Commission (CNBV), these documents focus on improving the operational effectiveness of money transmitters and general warehouses in the circulation of financial information.

The guidelines specify detailed requirements for generating Suspicious Activity Reports (SARs) and Internal Concern Reports (ICRs), including those categorized as 24-hour reports. These stipulations are tailored to address the specific operational characteristics and inherent risks associated with each sector, thereby ensuring that financial institutions can respond swiftly and effectively to suspicious activities in their transactions.

The Secretaría de Hacienda y Crédito Público (SHCP) noted that the intention behind these new guidelines is to support obligated entities in identifying opportunities for enhancing the quality, consistency, and timeliness of the reports submitted. This initiative reflects a broader commitment from the Mexican government to bolster regulatory measures and ensure robust compliance with international standards on anti-money laundering efforts.