pc
nid 94511
Aug 11, 2026
rghosh@vixio.com
Mexico
National Commission for the Protection and Defense of Users of Financial Services
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2292 charsMexico's Finance Ministry Publishes General Rules for Money Laundering Prevention Legislation
On August 10, 2026, Mexico's Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público) published General Rules implementing the Federal Law for the Prevention and Identification of Operations with Illicit Proceeds (Ley Federal para la Prevención e Identificación de Operaciones con Recursos de Procedencia Ilícita, LFPIORPI) in the Official Gazette of the Federation. The rules implement reforms to the LFPIORPI and its regulations published in 2025 and 2026, strengthening the regulatory framework for entities conducting vulnerable activities and consolidating the anti-money laundering prevention regime.
The General Rules establish criteria for applying the legislation and clarify obligations for regulated entities and supervisory authorities. A key development is the incorporation of a Risk-Based Approach (Enfoque Basado en Riesgo, EBR) as the governing principle for compliance. Under this framework, entities conducting vulnerable activities must identify, evaluate, classify, and document risks associated with their customers, operations, products, services, distribution channels, and geographic zones using methodologies that enhance risk management and improve detection of operations potentially involving illicit proceeds. The rules strengthen customer due diligence measures, beneficial owner identification, politically exposed person procedures, internal controls, record-keeping, and reporting mechanisms. The Ministry will exercise supervisory and verification functions using the Risk-Based Approach, directing supervision toward sectors and activities with higher exposure to money laundering risks. The rules introduce a proportional compliance model whereby obligations and supervisory actions apply according to each vulnerable activity's risk level, optimizing prevention resources and facilitating sector-appropriate control implementation.
The new provisions will enter into force gradually to facilitate implementation and allow regulated entities to update internal processes and develop necessary capabilities. The Ministry reaffirmed its commitment to strengthening Mexico's system for preventing illicit operations in accordance with applicable law and international standards established by the Financial Action Task Force (GAFI).
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2248 charsMexico's Finance Ministry Publishes Press Release on General Rules for Money Laundering Prevention Legislation
On August 10, 2026, the Financial Intelligence Unit (UIF) of the Ministry of Finance and Public Credit published Treasury Press Release No. 65, announcing the publication of the General Rules provided for in the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin (LFPIORPI) in the Official Gazette of the Federation. The Rules implement reforms to the Law and its Regulations published in 2025 and 2026 respectively, and enter into force gradually to allow obligated parties time to update their internal processes and develop the necessary compliance capabilities.
The press release identifies the following principal changes introduced by the General Rules:
Risk-based approach: The Rules incorporate the Risk-Based Approach as a guiding principle for compliance, requiring those who carry out Vulnerable Activities to identify, assess, classify, and document risks associated with their clients or users, operations, products, services, operating channels, and geographic areas using formal methodologies. The Ministry of Finance and Public Credit will also exercise its supervisory and verification powers under a risk-based approach, focusing on the sectors and activities most vulnerable to money laundering.
Customer due diligence: The Rules strengthen measures for the identification and ongoing monitoring of clients and users, including enhanced requirements for the identification of beneficial owners and politically exposed persons.
Proportional compliance model: Obligations and supervisory actions will be applied proportionately based on the risk level of each Vulnerable Activity, with the aim of optimising resources allocated to prevention and facilitating the implementation of controls tailored to the characteristics of each sector.
Internal controls and reporting: The Rules reinforce internal control mechanisms, data retention obligations, and reporting requirements applicable to those who carry out Vulnerable Activities.
The Ministry of Finance reaffirmed its commitment to strengthening the national system for the prevention of money laundering in accordance with the current legal framework and the international standards of the Financial Action Task Force (FATF).