Mexico's Ministry of Finance and Public Credit signs UIF and customs cooperation agreement to share intelligence on money laundering and smuggling

Mexico's Ministry of Finance and Public Credit announced that its Financial Intelligence Unit and the National Customs Agency of Mexico have signed an interinstitutional cooperation agreement to strengthen information sharing, operational coordination and capacity building for preventing and combating illicit activity linked to foreign trade. The arrangement is intended to support both agencies' statutory functions and reinforce analysis, intelligence and preventive work on money laundering, smuggling and other offences connected to the movement of goods into and out of Mexico. Under the agreement, the Financial Intelligence Unit may provide the customs agency with intelligence products derived from reports and notices submitted by financial institutions and other persons subject to the applicable regime, to help identify foreign trade risks and support preventive and corrective measures. The customs agency may in turn share information on foreign trade operations, cross-border cash movements and other relevant data for financial intelligence work. The framework also includes training, technical assistance, exchanges of good practices, specialized working groups and secure arrangements for information sharing and storage, with confidentiality and personal data protections.