MEXICO CITY (El Universal).— In the context of a large influx of migrants in transit through Mexico who receive remittances, as well as repatriated migrants, the Ministry of Finance and Public Credit (SHCP) ordered banks to strengthen measures to identify and prevent operations with resources of illicit origin, but with greater emphasis on avoiding financing terrorist acts.
At the same time, it established new requirements for simplified identification under an operation threshold, with the possibility of identifying the holders of said accounts remotely. It also allowed the recognition of the validity of the consular registration as an identification document, since in the same way the risks of operations with resources of illicit origin and financing of terrorism can be mitigated.
The federal government agency said that in the last update of the National Risk Assessment that it submitted to the Financial Action Task Force (FATF), it was reiterated that no cases of terrorism have occurred within the national territory.
Neither has any transaction been detected that could lead to an investigation related to this crime, nor has the existence of terrorist fighters been identified. However, there are factors that open the possibility that Mexico may be used as a financial platform for international terrorism. Hence, it is necessary to improve and update the understanding of the risks of terrorist financing, in light of the dynamic way in which risks are changing in different regions of the world, he argued. He pointed out the following as the main points that were modified as structural aspects of the regime for preventing operations with resources of illicit origin and terrorist financing applicable to credit institutions: Those related to its Compliance Manual, the risk assessment methodology referred to in Chapter II Bis, the classification model by risk level of its Clients and Users, automated systems and training, in order to make the approach to preventing terrorist financing visible.
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2024-09-07 18:05:15
Terrorism in Mexico: A Growing Concern
Mexico, a country known for its rich cultural heritage and vibrant tourism industry, has been facing a growing concern in recent years – the threat of terrorism. While the Mexican government has consistently maintained that there have been no cases of terrorism within its national territory [[3]], recent events suggest otherwise. In July 2023, a series of roadside bombings in the western state of Jalisco killed six security officials and injured 12 people, labeling it as an “act of terror” [[1]].
The Mexican government has been working to strengthen its measures to prevent the financing of terrorist acts, particularly in the context of a large influx of migrants in transit through Mexico who receive remittances, as well as repatriated migrants. The Ministry of Finance and Public Credit (SHCP) has ordered banks to improve their identification and prevention of operations with resources of illicit origin, with a greater emphasis on avoiding financing terrorist acts.
To mitigate the risks of operations with resources of illicit origin and financing of terrorism, the SHCP has established new requirements for simplified identification under an operation threshold, allowing for the remote identification of account holders. Additionally, the recognition of the validity of consular registration as an identification document has been permitted.
Despite the lack of recorded terrorist incidents within Mexico, the country remains vulnerable to being used as a financial platform for international terrorism. Factors such as the free flow of goods and people, as well as its geographical location, make it an attractive hub for illicit activities.
The Mexican government has reiterated its commitment to continuing to promote multilateral efforts to combat terrorism in all its forms and manifestations [[3]]. However, more needs to be done to address the growing threat of terrorism in the region.
The category of terrorism in Mexico is a contentious issue, with many arguing that the label is often misused or politicized [[2]]. However, the reality is that terrorism is a growing concern in Mexico, and it is essential to acknowledge and address it to ensure the safety and security of its citizens and visitors.
while Mexico has not been directly affected by terrorism, the country is not immune to its threats. It is crucial for the Mexican government to continue to strengthen its measures to prevent the financing of terrorist acts, improve its understanding of the risks of terrorist financing, and work with international partners to combat terrorism in all its forms.
References:
[1] Al Jazeera. (2023, July 12). Roadside bombings in Mexico kill six people in ‘act of terror’. Retrieved from
[2] Wikipedia. (n.d.). Category:Terrorism in Mexico. Retrieved from <https://en.wikipedia.org/wiki/Category:TerrorisminMexico>
[3] United Nations. (n.d.). Mexico – Measures to Eliminate International Terrorism. Retrieved from <https://www.un.org/en/ga/sixth/74/intterrorism/mexicoe.pdf>
Terrorism in Mexico: A Growing Concern
Mexico, a country known for its rich cultural heritage and vibrant tourism industry, has been facing a growing concern in recent years – the threat of terrorism. While the Mexican government has consistently maintained that there have been no cases of terrorism within its national territory [[3]], recent events suggest otherwise. In July 2023, a series of roadside bombings in the western state of Jalisco killed six security officials and injured 12 people, labeling it as an “act of terror” [[1]].
The Mexican government has been working to strengthen its measures to prevent the financing of terrorist acts, particularly in the context of a large influx of migrants in transit through Mexico who receive remittances, as well as repatriated migrants. The Ministry of Finance and Public Credit (SHCP) has ordered banks to improve their identification and prevention of operations with resources of illicit origin, with a greater emphasis on avoiding financing terrorist acts.
To mitigate the risks of operations with resources of illicit origin and financing of terrorism, the SH
