Anti-Money Laundering & Combating the Financing of Terrorism (AML/CFT)

The Federal Law for the Prevention and Identification of Operations with Resources of Illegal Origin (LFPIORPI) is intended to protect the financial system and the national economy, establishing measures and procedures to prevent and detect acts or operations involving resources of illegal origin.

According to the LFPIORPI, various non-financial activities are designated, including: gambling; the purchase and sale of real estate, vehicles, jewelry and works of art; the lease of real estate; the issuance of prepaid cards; the granting of loans; as well as certain professional services.

In this sense, those who carry out designated activities have various obligations and highly relevant sanctions for non-compliance, including fines and criminal sanctions.

As a result of the above, Escalante & Asociados pro-vides specialized services in the field of AML/CFT, which include, among others: (i) consultancy; (ii) compliance with the obligations in the matter; (iii) consultations with the Financial Intelligence Unit (UIF); (iv) acting as responsible and / or compliance officers; (v) attention to verification audits and sanctioning procedures; and (vi) litigation in all its stages.

The Firm has certified professionals in prevention of money laundering and financing of terrorism by the National Banking and Securities Commission (CNBV).