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Mexico assumes vice-presidency of the group of experts to control money laundering

Mexico, through the Financial Intelligence Unit (UIF), assumed this Tuesday the vice-presidency of the Group of Experts for the Control of “Laundering” of Assets (GELAVEX), chaired by Paraguay.

During a virtual session, the head of the FIU, belonging to the Ministry of Finance and Public Credit (SHCP), Santiago Nieto Castillo, thanked the trust in Mexico and endorsed the commitment in the fight against money “laundering” at the regional level. , in coordination with Paraguay, and the Mexico Mission in the Organization of American States (OAS).

Nieto Castillo considered it a fundamental step for the Financial Intelligence Units to participate more actively in the creation of public policies to combat this crime at the regional level.

He indicated that there is a need to advance in better mechanisms that allow the seizure and confiscation of assets and instruments of crime at the continental level.

In that sense, the official stressed that in Mexico constitutional reforms have been carried out in terms of the extinction of the domain, as other countries on the continent have been doing.

Nieto Castillo considered that it must be understood that money “laundering” is a supranational crime that will only be fought with coordination between the countries.

He revealed that financial fraud, identity theft, fraud through the sale of miracle products to cure Covid, are the crimes that have increased in Mexico during the new coronavirus pandemic.

Finally, he affirmed that it is important to combat precedent crimes such as human trafficking and arms trafficking, as well as the “laundering” of money in foreign trade.









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