Los Centros Cambiarios Negocios Vulnerables al Lavado de Activos y su Impacto en la economía Nacional

Abstract

According to the 4th Article of the General Law of Organizations and Auxiliary Activities of Credit, Money Exchangers are part of the Mexican Financial System and are considered as an Auxiliary Activity of Credit. They are regulated by the General Law of Organizations and Auxiliary Activities of Credit, nonetheless there exists more legal regulations that are mandatory for this entities. With law’s modifications, it was established that the buy and sell of currencies could be only and exclusively made by legal entities that were organized in compliance with General Law of Mercantile Societies and registered in the National Banking and Securities Commission as currency exchangers. On April 10th, 2012, the National Banking Commission released general provisions in Anti Money Laundering and Counter Terrorism Financing subject which are the ones that until today, regulate money exchangers. Some of the obligations that this provisions have are to Avoid actions that may facilitate the commission of crimes related to money laundering and terrorist financing, and must implement the best practices that allow to revenge and detect behaviors that propitiate such crimes that involve damages to the financial system and the national economy.