Mexico issues risk-based anti-money-laundering rules for betting activities
Mexico’s Finance Ministry published new general rules under the federal anti-money-laundering law, applying a risk-based compliance approach to betting, contests and lotteries. Obligations include assessing customer and transaction risks, strengthening customer identification and beneficial-owner checks, and retaining information; the ministry said implementation will be gradual.
Betting operators will need to align customer checks, risk assessments and reporting with the revised rules.