Mexico's National Banking and Securities Commission published a statement from the Secretariat of Finance and Public Credit and its Financial Intelligence Unit (UIF) on a months-long investigation that identified 13 casinos with cash-intensive activity, cross-border flows and the use of unsupervised digital platforms, and added them to the list of blocked legal entities. The investigation, conducted with Mexico’s Security Cabinet, found patterns described as consistent with international money laundering typologies at establishments operating in Jalisco, Nuevo León, Sinaloa, Sonora, Baja California, the State of Mexico, Chiapas and Mexico City. Some venues reportedly handled multimillion-peso cash movements and transfers to jurisdictions including the United States, Romania, Albania, Malta and Panama, alongside digital channels that facilitated the dispersion and concealment of illicit funds; the UIF also identified the use of individuals with economic profiles inconsistent with the volumes received to onward-transfer funds to alleged beneficial owners. The UIF will file complaints with the Attorney General's Office (FGR) and notify the Federal Fiscal Attorney's Office for follow-up on potential money laundering, criminal association and tax offences, and the statement referenced cooperation with the US Treasury’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) in line with Financial Action Task Force (FATF) recommendations.
Mexico Comision Nacional Bancaria y de Valores (CNBV) 2025-11-11
Mexico's National Banking and Securities Commission publishes UIF action to block 13 casinos over suspected money laundering
Mexico's National Banking and Securities Commission, with the Secretariat of Finance and Public Credit and its Financial Intelligence Unit (UIF), identified 13 casinos involved in cash-intensive activities and cross-border flows, adding them to the blocked entities list. The investigation revealed international money laundering patterns across Mexican states, with funds transferred to the U.S. and European countries. The UIF will file complaints with the Attorney General's Office, notify the Federal Fiscal Attorney's Office, and cooperate with the U.S. Treasury's FinCEN and OFAC.