Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
Financial crime
What provisions govern money laundering and other forms of financial crime in your jurisdiction and what specific implications do these have for fintech companies?

Answer ... Under the Anti-money Laundering Rules, the National Banking and Securities Commission and the Finance Ministry have established the minimum measures and requirements that fintech companies must comply with in order to prevent and detect actions, omissions and operations that could lead to, aid, promote or cooperate in any way with felonies involving transactions in illegally obtained resources or terrorist financing.

The Anti-money Laundering Rules address the mechanisms and procedures that fintech companies must take into account in order to prevent and detect fraudulent transactions, as well as other compliance and reporting obligations.

For more information about this answer please contact: René Arce Lozano from Hogan Lovells, Mexico