The Association of Banks of Mexico (ABM) announced the implementation of a series of measures to combat the money laundering and promote the soundness of the banking financial system.
The bankers committed to preparing periodic reports among their members with money laundering prevention practices, in order to facilitate the detection of unusual operations and promptly inform the corresponding authorities in Mexico.
From July 1, 2026all people who deposit or withdraw more than 140 thousand Mexican pesos They will have to identify themselves and be account holders of the institution where they seek to carry out the operation, to complete the transaction, he noted. Emilio Romanopresident of the association.
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It is recommended that international transfers be made or received between account holders: a) for legal entities, immediately; and b) for natural persons, from June 30, 2027. In addition, all deposits in concentrating accounts of banks and financial entities must be referenced.
“Additionally, for the next December 30a first group of banks will join the Information Exchange Platform selected by the ABM, and no later than July 30, 2026 This system will be in operation with the participation of the first participating banks,” Romano explained.
It was recommended that these practices be incorporated into the internal compliance manuals of Mexican banks and in parallel, periodic meetings will be held with the Financial Intelligence Unit (UIF) to advance issues such as List of Blocked Peopleoperation, coordination with international organizations and attention to emerging issues and working meetings will be promoted with relevant foreign financial authorities, particularly those responsible for money laundering prevention.
In a press conference he already expressly asked about 24 HOURSEmilio Romano ruled out that at this time there is suspicion of illicit operations in any other financial institution, neither by Mexican regulars nor by the Treasury Department.
Communication with the US
He revealed that they will maintain constant meetings with both Treasury Department officials and their banking peers in USAto give certainty and security to the Mexican banking system. “We are very happy and proud that the Association of Banks of Mexico approved to adopt a series of recommendations to strengthen our capacity against money laundering, (…) it is a forceful measure and very directed towards this objective, with measures beyond the regulatory framework,” Romano told the media when announcing the measures.
The businessman pointed out that “Mexico is one of the first countries to adopt an information exchange platform, almost, almost, in real time.”
Banco Intercam continues to operate and is active: Association of Banks of Mexico
Emilio Romano, president of the Association of Banks of Mexico, clarified that Intercam continues to operate and is a bank that is active and is still part of said association.
He explained that the measures taken by the FinCEN and the Treasury Department to sanction three Mexican institutions, said that CIBanco did stop operating since its license was revoked in the Official Gazette of the Federation and is no longer part of the ABM.
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“But Intercam continues to operate, it is an active bank even though it transferred a part of its funds to Capital Bankhoy Intercam “It continues with its operations and is serving its clients,” said the leader of the Mexican bankers.
He specified that the intervention that had been decreed for said bank was lifted since last August and as such it can continue with its operations.
The Treasury Department sanctioned three Mexican banks last June, CIBanco, Stock Exchange House Vector and Intercam, for alleged money laundering operations that promoted the transfer of FentanylAccording to the administration of Donald Trump.