Mexico's UIF and CNBV Sign Pact to Boost Anti-Money Laundering Efforts

Mexico's Unidad de Inteligencia Financiera (UIF) and Comisión Nacional Bancaria y de Valores (CNBV) formalized a collaboration agreement aimed at enhancing anti-money laundering controls. This partnership focuses on sharing information, improving supervision, and strengthening institutional and technological capacities to combat illicit financial flows. The next steps involve setting up inter-institutional working groups to implement and monitor these enhanced mechanisms effectively.