Nowadays, companies in Mexico have an important challenge in relation to regulatory requirements, both national and international. PMRC team members have been involved in the preparation of Integrity Policies by which we have implemented compliance programs in different áreas such as anti-corruption, antimoney laundering, risk management and business ethics and policy development, all of them to protect our client’s reputation and prevent sanctions. PMRC has vast experience regarding anti-corruption international laws, such as the Foreign Corrupt Practices Act (FCPA) and the creation and implementation of the National Anti-Corruption System in Mexico.
Anti-Money Laundering: Being highly specialized in this field, PMRC provi-des legal counsel services on Anti-Money Laundering (AML), in accordance with the Federal Law on the Prevention and Identification of Operations with Illicit Resources for both the financial sector and the people that, even though they are not part of the sector, regularly carry out activities referred to as vul-nerable according to such law.
As far as the financial sector, PMRC advises and works with its clients: (i) to obtain the SITI (Inter System for Information Transfer) account; (ii) to develop the Operations Manual in order to Prevent, Detect and Report operations with Illicit Proceeds and Terrorism Financing in accordance with the specific busi-ness processes of each of our clients; (iii) to submit different reports to the co-rresponding authorities; (iv) to train its employees and officers; (v) to perform the corresponding legal audit, and (vi) to develop all types of forms and docu-ments required by the corresponding law.
In the case of people that are not part of the financial sector, but who regularly carry out activities referred to as vulnerable under the applicable law, PMRC provides legal advice in identifying clients and users, as well as preparing and submitting the corresponding notices to the authority. Additionally, PMRC also offers its clients training on AML to both, officers and employees, in order to prevent penalties and comply with the applicable law.
