The Senate is reviewing a proposed reform to the Federal Law for the Prevention and Identification of Transactions Involving Illicit Proceeds (LFPIORPI) and the Federal Penal Code (CPF). Key changes include the introduction of annual training and audit programs, automated systems, and a risk-based approach. Sanctions are also being strengthened, with expanded powers granted to the Ministry of Finance (SHCP) to temporarily suspend activities. Additionally, new obligations concerning Politically Exposed Persons (PEPs) and the prevention of terrorism financing are being introduced.
At Pérez-Llorca México, we are prepared to assist you in complying with these new regulations and adapting your processes to meet international standards.
Consult the full content of the Legal Briefing here.