Since the 2018 assessment of Mexico’s measures to tackle money laundering and terrorist financing, the country has taken a number of actions to strengthen its framework.
Mexico has been in an enhanced follow-up process following the adoption of its mutual evaluation in 2018 . In line with the FATF Procedures for mutual evaluations, the country has reported back to the FATF on the action it has taken since then. Consequently, to reflect Mexico’s progress, the FATF has now re-rated the country on the following Recommendations:
8 – Non-profit organisations, from partially compliant to largely compliant
10 – Customer due diligence, from partially compliant to largely compliant
12 – Politically exposed persons, from partially compliant to compliant
16 – Wire transfers, from partially compliant to compliant
17 – Reliance on third parties, from partially compliant to compliant
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