Vulnerable Activities in Mexico

1.- Virtual Assets:

• Professional offering of virtual asset exchange through electronic platforms, different from Financial Entities.

2. Real Estate Development:

• Habitual or professional provision of real estate development involving buying or selling operations on behalf of clients.

3. Games with Betting, Contests, or Lotteries:

• Practices linked to games with betting, contests, or lotteries, including the sale of tickets, chips, and the payment of prizes.

4. Service or Credit Cards:

• Issuance or commercialization of service or credit cards by non-financial entities.

5. Prepaid Cards, Vouchers, or Coupons:

• Issuance or commercialization of prepaid cards, vouchers, or coupons for acquiring goods or services.

6. Traveler’s Checks:

• Non-financial issuance and commercialization of traveler’s checks.

7. Mutual, Loans, or Credit Services:

• Professional offering of mutual or loan operations by non-financial entities.

8. Shielding Services:

• Habitual or professional provision of vehicle and real estate shielding services.

9. Real Estate-Related Services:

• Habitual or professional provision of construction, development, or real estate intermediation services.

10. Marketing of Precious Stones, Jewelry, and Watches:

• Habitual marketing and intermediation of precious metals, gemstones, jewelry, or watches.

11. Artworks:

• Regular auction or marketing of artworks.

12. Air, Maritime, or Land Vehicles:

• Regular marketing of new or used vehicles, whether aerial, maritime, or land.

13. Transport or Custody of Money or Values:

• Regular provision of transport or custody services for money or values, excluding those involving the intervention of the Bank of Mexico or institutions dedicated to value deposits.

14. Professional Services Provision:

• Real estate transactions, resource administration, account management, and organization of capital contributions.

15. Donations:

• Reception of donations by non-profit associations and societies.

16. Foreign Trade Services (Customs Agent or Representative):

• Promotion, on behalf of others, of the clearance of specific goods authorized by the Ministry of Finance and Public Credit.

17. Real Estate Leasing:

• Establishment of personal rights of use or enjoyment of real estate.

18. Public Faith (Notaries and Public Brokers):

• Transmission or establishment of real rights on real estate, granting of irrevocable powers, establishment, modification, or merger of assets, sale of shares and social parts, among others.

Conclusion:

In conclusion, the detailed analysis of vulnerable activities in Mexico, according to the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin (LFPIORPI), underscores the critical importance of understanding and addressing the risk associated with economic operations susceptible to being used for the introduction of resources of illicit origin.

The extensive list of vulnerable activities highlights the diversity of sectors and operations exploitable by those with fraudulent intentions. The implementation of effective measures to prevent and combat money laundering becomes imperative to ensure the integrity of the financial system and the legitimacy of commercial transactions.

Professionals in the fiscal and legal realms play a fundamental role in advising and collaborating with entities involved in these activities. A profound understanding of current regulations, coupled with the diligent application of due diligence procedures, strengthens companies’ ability to comply with regulations and safeguard their operations against potential abuses.

Ultimately, the fight against money laundering and illicit activities requires continuous collaboration between the private sector and government authorities. Constant vigilance and adaptability to the changing dynamics of the economic environment are essential to maintaining the integrity of the financial system and promoting a robust and trustworthy business environment in Mexico.