Feb 12 • 02:28 UTC 🇲🇽 Mexico Milenio (ES)

Treasury bets on financial inclusion while maintaining vigilance against illicit money

The Secretary of the Treasury, Edgar Amador Zamora, stated that financial inclusion is a national priority, emphasizing Mexico's commitment to anti-money laundering measures while fostering economic growth.

In a recent statement at the Fifth Plenary Meeting of the Financial Action Task Force (FATF), Mexico's Secretary of Treasury, Edgar Amador Zamora, underscored that promoting financial inclusion stands as a national priority. He applauded the FATF for enhancing its standards to ensure that anti-money laundering measures are applied proportionately and based on risk, ensuring that these initiatives do not stifle development and innovation within the financial sector. Zamora asserted that such measures can lead to direct positive impacts on economic growth and national development.

Amador Zamora reiterated Mexico's strong commitment to implementing the FATF recommendations and engaging in mutual evaluation processes to safeguard financial integrity. He highlighted the importance of the FATF as a respected institution, known for its technical rigor and leadership in maintaining high-quality standards. This commitment from Mexico not only reflects a dedication to improving its domestic financial systems but also signifies its role in the broader international financial community.

The Treasurer's remarks come at a crucial time as the world grapples with the challenges of illicit finance. The FATF's role is fundamental in protecting the international financial system's integrity. By aligning national policies with FATF standards, Mexico aims to not only bolster its internal financial inclusion initiatives but also contribute to the prevention of money laundering and related risks on a global scale. This dual focus could enhance foreign investment and support sustained economic growth in Mexico.

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