Mexican financial system has blacklisted "La Mayiza" according to UIF's latest announcement
The Financial Intelligence Unit (UIF) of Mexico has taken a significant step in the fight against international money laundering and terrorism financing. In response to the integration of international lists issued by foreign authorities, particularly the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, the UIF has ordered an administrative freeze on Mexican criminal groups.
The objective of this action is to maintain the integrity of Mexico's financial system, a priority in all international cooperation actions in financial matters. The administrative freeze aims to prevent money laundering and terrorism financing, and allows the UIF to act in coordination with the Mexican financial system to prevent illicit funds from being introduced or dispersed in the national economy.
Inclusion in the List of Blocked Persons does not prejudge the existence of criminal responsibility without sufficient evidence. The targets designated by OFAC include seven individuals and 15 legal entities. However, beyond the seven individuals, there are no specific publicly available details about the 15 legally effective particulars that may be implicated by Mexican law enforcement.
This action is part of the international cooperation mechanisms that the Mexican State participates in regarding the prevention of money laundering and terrorism financing. The UIF will analyze the financial information related to the designated subjects and will notify the Attorney General of the Republic if illegal activities are identified.
It's worth noting that this is not the only recent development in the Mexican financial sector. Natura, a Brazilian cosmetics company, has announced an agreement to sell Avon International to a U.S. firm, Regent. This separate fact underscores the dynamic and evolving nature of the Mexican economy.
Inclusion in the List of Blocked Persons is a preventive measure, not a judicial determination. Administrative freezes in national territory are applied in response to the designation made by the OFAC and to the international commitments assumed by the Mexican State.
The UIF's action is part of the efforts to combat international money laundering and terrorism financing, and it underscores Mexico's commitment to upholding financial integrity and combating illicit activities on the global stage.
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