Mexico tightens anti-money-laundering rules for crypto firms, casinos and real estate
Mexico issued new regulations that expand AML oversight to non-bank sectors such as cryptocurrency platforms, casinos and property developers, demanding stricter client identification and transaction monitoring.
Mexico's finance ministry unveiled a sweeping anti-money-laundering package that brings sectors like real-estate development, car sales, non-bank lending, casinos, art and jewelry dealers under tighter supervision. The law, known as LFPIORPI, raises the amount of client information these entities must collect, retain and share with financial intelligence authorities, and mandates automated monitoring, annual audits and clearer identification of beneficial owners.
Cryptocurrency service providers face the most significant changes, requiring registration with the Tax Administration Service, ten-year data archives and 24-hour reporting of suspicious patterns. The reforms respond to mounting U.S. pressure on cartel financing and Mexico's obligations as a Financial Action Task Force member. They also expand oversight of politically exposed persons and their relatives. Obligated firms must comply by a phased schedule running from November 2026 to June 2027.
Why it matters
The rules aim to curb cartel money flows by extending AML checks beyond banks to high-risk sectors.
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