US-Mexico roundtable on illicit finance

While traveling with Secretary of the Treasury Janet L. Yellen, Under Secretary for Terrorism and Financial Intelligence Brian Nelson met with Hacienda Deputy Secretary Gabriel Yorio in Mexico City.

The meeting included a roundtable discussion with representatives from the US Treasury, Mexico’s Hacienda, the Financial Intelligence Unit (UIF), the Tax Administration Service (SAT), and the National Banking and Securities Commission (CNBV).

Participants emphasized the importance of information sharing between governments and the private sector to address Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) priorities.

The discussion focused on threats posed by predicate offenses such as synthetic narcotics (including fentanyl), precursor chemicals, arms trafficking, and human trafficking.

Both sides committed to expanding joint efforts and building on the outcomes of the roundtable to enhance cooperation against illicit finance.

FAQ

What was the purpose of the roundtable?

To strengthen US-Mexico cooperation on combating illicit finance and improving AML/CFT coordination.

Who participated in the meeting?

Officials from the US Treasury, Mexico’s Hacienda, UIF, SAT, and CNBV.

What issues were discussed?

Information sharing and threats from narcotics, trafficking, and financial crimes.