Georgina Saldierna
La Jornada newspaper
Thursday, January 30, 2025, p. 11
The Association of Banks of Mexico (ABM) positively described the reform opinion to the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin and the Federal Criminal Code, which is currently discussed in the Senate, but considered that it could Enrich themselves with some specific adjustments.
In the open Parliament to analyze this legislative modification that seeks to strengthen the mechanisms to combat money laundering and terrorism financing, José Luis Stein, representative of the ABM, pointed out that the reform to debate is key to banking.
Before senators of justice commissions and legislative studies, he said that the Banqueros group fully coincides with the importance of having a robust regulation that avoids the entry of illegal resources to the financial system.
With the so -called 2012 anti -ilavado law, a key step was taken in the consolidation of a solid regulatory framework in the field, but like other systems, it must be modified to incorporate the most recent international standards and attend the areas of opportunity that are identified.
The initiative discussed in the Senate has precisely this purpose, taking into consideration the recommendations of the International Financial Action Group, Stein added.
Among the adjustments that the opinion raised, the registration of vulnerable activities is made public, to guarantee greater transparency and provide additional elements that allow to detect customers to carry out risk actions.
Also, to reform other legal systems, such as the laws of credit institutions and titles and credit operations, to enable banks to terminate those trusts that fail to comply with the anti -ilavado law.
The ABM manager requested a period of 18 months to issue secondary regulations, since not, financial institutions could have trouble implementing the reform.
On the other hand, the representation of the Mexican Institute of Public Accountants proposed that there be a certified training to apply the legislation and that ambiguous language is not left in it.
Fernando Lascurain, director of the Mexican Association of Car Distributors, stressed that the Financial Intelligence Unit had a 19.7 percent budget reduction.
For more efforts made to adapt the regulatory framework, it is necessary to strengthen the budget scheme for said entity, he considered.
