Mexico Banks Push New Illicit Finance Rules in Wake of US Orders

In response to recent US actions against certain banks for their alleged involvement in drug trafficking, Mexico's banking lobby is advocating for stricter regulations to combat illicit financing. This move is significant as it demonstrates a proactive approach by Mexican banks to enhance their compliance measures and restore trust, not only within the country but also with international partners. By taking these steps, they aim to prevent future sanctions and contribute to a more stable financial environment.