Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT)

Orozco Waters Abogados, S.C., following its principle to provide to its clients with a comprehensive service based on their needs and the current regulations, has incorporated into its practice areas the advising, consulting and auditing services in matters of AML/CFT, mainly aimed at:

Financial Entities under supervision of the National Banking and Securities Commission (CNBV):

• Public Bonded Warehouses
• Brokerage Houses
• Foreign Exchange Companies
• Foreign Exchange Centers
• Savings and Loan Cooperative Associations
• Investment Fund Share Distribution Companies
• Multiple Purpose Financial Entities
• Financial Technology Entities
• Popular Financial Entities
• Community Financial Entities
• Rural Financial Entities
• Money Transmitters
• Investment Funds Operator Companies
• Credit Unions
• Investment Advisors

Individual and legal entities who regularly or professionally, conduct activities considered to be vulnerable under the AML/CTF regulations:

• The organization of gaming, betting and lotteries
• The issuing or marketing of service, credit or prepaid cards
• The issuing and marketing of travelers checks
• The granting of credits and loans, with or without guarantee
• The auction or marketing of art pieces
• The professional o regular marketing of used or new vehicles
• The provision of services of shielding
• The provision of services of transfer or custody of money or securities
• The provision of services of construction or development of real estate property
• The provision of services of real estate brokerage
• The marketing and brokerage in the purchase or sale of metals or precious stones; jewelry or watches
• The clearance of goods as agent or customs agent for hire
• The offering of exchange of virtual assets
• The provision of services of public faith
• The provision of services of representation
• The constitution of personal rights of use or enjoyment over real estate property
• The reception of donations

The practice of our qualified lawyers, is certified by the National Banking and Securities Commission (CNBV) according to the highest international standards in order to offer our clients the following specialized services:

• External audit of obligations compliance
• Consultancy on the implementation of preventive procedures
• Development of the manual of policies, criteria, measures and internal procedures in AML/CFT
• Development of the technical opinion in AML/CFT matters
• Consultancy on the creation of the responsible area for AML/CFT
• Consultancy on the presentation of reports of unusual, relevant and internal disturbing operations, as well as notices of carrying out vulnerable activities