Consulting on prevention of money laundering (PLD)

All companies are exposed to being used as a vehicle to launder money or resources of illicit origin. If this happens, the consequences for the organization are not only reputational, but even go beyond the criminal order and in some cases could lead to the initiation of “domain extinction” procedures; For this reason, it is necessary to have an internal regulatory framework that ensures the adoption of actions that prevent this type of activity.

Furthermore, there are companies that carry out activities that are qualified by the Federal Law to Prevent and Identify Operations with Resources of Illicit Origin (LFPIORPI for its acronym in Spanish or Law) as “Vulnerable Activities”; that is, activities that can be used for “money laundering”.

If an activity is classified as “Vulnerable” in terms of the Law, it is necessary to comply with a series of obligations such as the preparation of manuals and the presentation of Notices to the Authority, non-compliance with which generates administrative fines.

Services:

• Consulting: compliance with its obligations consisting of signing up in the register of vulnerable activities, as well as in the integration of files and presentation of notices.
• Training: aimed at the entity’s personnel, as well as preparation for the Certification issued by the CNBV in matters of Prevention of Operations with Resources of Illicit Origin and Financing of Terrorism.
• Compliance audits: for vulnerable activities such as in the financial sector (we have experts certified by the CNBV).
• Preparation of manuals, policies and procedures related to the prevention of Money Laundering and the Fight against the Financing of Terrorism for vulnerable activities and Financial Institutions.
• Review of the IT tool used to prevent money laundering.
• Legal advice before the development of verification visits or requests for information by the SAT, CNBV or the UIF.
• Defense before the administrative or judicial instances for the imposition of sanctions in the matter.
• Legal support for the formulation of queries to the UIF and/or confirmation of criteria.
• We accompany the company in the design, implementation and assessment of the Risk Methodology, with congruence with the Manuals of each company being preponderant.