“With this position, Mexico seeks to continue contributing, from the multilateral level, to the security of nations and their economies; as well as to the integrity of the international financial system, in line with the mandate of the FATF,” highlighted the Treasury.
Mexico’s priorities at the helm of the FATF will be to promote financial inclusion to reduce the use of cash, as well as to ensure that the reports from the Fifth Round of Evaluations are of high quality and consistency.
He also wants to improve cohesion among the members of the Group. He stressed that he will seek to be sensitive to the challenges of less developed countries.
The fourth priority is to raise standards to identify transactions that are legal, prevent the use of cryptoassets for money laundering and asset recovery when a crime is committed.
What does the Financial Action Task Force do?
FATF is an international organization dedicated to establishing international standards, promoting and evaluating the implementation of legal, regulatory and operational measures to combat money laundering, terrorist financing, proliferation of weapons of mass destruction and other threats related to the integrity of the international financial system.
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