Mexico's Ministry of Finance and Public Credit, through the Financial Intelligence Unit, has signed a collaboration agreement with the Attorney General's Office of the State of Michoacán to strengthen coordination on the prevention, detection and investigation of operations involving illicit funds and related crimes. The agreement updates existing cooperation mechanisms and is intended to improve institutional information exchange and communication between the two authorities. Under the arrangement, the Michoacán prosecutor's office may provide information relevant to the Financial Intelligence Unit's functions, while the unit may share intelligence products derived from reports and notices submitted by reporting entities to support investigations under state jurisdiction, subject to the applicable legal framework. The agreement also provides for joint training on operational and strategic analysis and for specialized working groups to coordinate operational, technical and information technology actions, reinforce confidentiality safeguards and support the rollout of tools for more efficient cooperation.

Original source Back to tracker