Prevention of Money-Laundering (PML)

We have a team of experts certified by the CNBV (National Banking and Securities Commission, in Spanish) and the UIF (Financial Intelligence Unit, in Spanish), focusing on strategically counseling our clients on the design and implementation of measures and controls for reducing in a timely manner any risk of being vulnerable for securing funds from illicit resources as payment for services rendered or products sold, as well as rendering audit services.

Implementation of measures and controls

Currently, it is essential that the entrepreneurial sector understands the country-risk in which it is developing its commercial and industrial activities, with the purpose of measuring the probability and impact of receiving and/or transacting with resources, goods and/or rights that may be the result of illicit activities and contribute to increase the public and national insecurity, as well as to affect the financial system and the national economy.

Non-financial vulnerable activities:

INTRADE Smart Law Firm has designed a special methodology for an effective entrepreneurial consulting allowing the implementation of policies and controls for reducing the probability of being involved in business implying the use of resources, goods and/or rights derived from illicit activities, by an efficient identification of clients and/or users that may be related to organized crime, tax evasion, corruption, trafficking of merchandise, cyber-crimes, modern slavery, among other serious crimes or administrative-law infractions.

 

  • Preparation of risk matrices taking into account various factors such as type of clients, products, services, market type, geographical location, distribution channels, payment forms, among others

  • Entrepreneurial consulting for exploring new business that are highly vulnerable to money-laundering (ML) and/or terrorist financing (TF)

  • Review and design of new corporate controls.

  • Preparation of policies and manuals.

  • Creation of corporate structures aimed at entrepreneurial compliance.

  • Design of automated systems

  • Internal and external audit processes.

  • Integration and maintenance of files.

  • Creation of complaint and counseling channels for your management.

  • Coaching for preparing compliance officers.

  • Training for senior management and its administrative and operating staff.

  • Assistance during the verification procedures and/or information request by tax authorities.

  • Defense before governmental acts and/or decisions that pose a threat to corporate interests.

 

II. Financial Activities:

Likewise, our consulting and defense services for preventing our clients from getting involved in transactions with illicit resources, focus on the financial sector taking into account any regulations issued by the Bank of Mexico (BANXICO, in Spanish), the Financial Intelligence Unit (UIF, in Spanish), the Banking, Securities and Savings Unit (UBVA, in Spanish), among others, as well as supervising authorities such as the National Banking and Securities Commission (CNBV, in Spanish), National Insurance and Surety Commission (CNSF, in Spanish), the Tax Administration Service (SAT, in Spanish), and the National Retirement Savings System Commission (CONSAR, in Spanish), as follows:

 

  • Management for obtaining permits and authorizations before the aforementioned entities

  • Preparation of matrices and compliance policies

  • Preparation of manuals for the client’s knowledge and due diligence

  • Consulting on submittal of reports to CNBV

  • Consulting on the integration of internal structures

  • Request of auditor’s technical report regarding PML/TF issued by the CNBV

  • External audit of compliance in PML/TF pursuant to the General Rules (DCG, in Spanish)

  • Consulting for developing the “PML/TF Risk Assessment Methodology”

  • Support for preparing the auditor’s technical report regarding ML

  • Preparation of the auditor’s report on the participation in capital stock by obligated subjects

  • Development and update of the documentation (Policies and procedures manuals regarding PML/TF)

  • Development of internal investigations

  • Support in compliance to Obligated Subjects in Vulnerable Activities

  • Annual training program

    Preparation for Certification before CNBV

    Teaching of courses and training to comply in accordance with the provisions set forth in the DCG

  • Consulting on the analysis and selection of PML/TF systems

  • Participation in projects for supporting the authority (CNBV) regarding PML/TF

  • Attention to requirements by the Authority