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October 24, 2013

U.S. and Mexican AML/CFT Supervisors Sign First-Ever MOU to
Exchange Financial Information to Thwart Drug Crime

WASHINGTON, D.C. – To enhance and reinforce coordination with Mexican authorities on a variety of operational and regulatory anti-money laundering initiatives, FinCEN Director Jennifer Shasky Calvery and Mexico’s National Banking and Securities Commission (CNBV) President Jaime Gonzalez Aguade have signed an unprecedented Memorandum of Understanding (MOU) that strengthens their ability to fight transnational financial crime. The MOU facilitates the exchange of supervisory information in support of both agency’s anti-money laundering and combating terrorist financing (AML/CTF) missions. It also provides for strict controls and safeguards to ensure that shared information is well protected and used in a confidential and authorized manner for AML/CTF supervision purposes only.

The signing of the MOU was scheduled to be done in-person but plans for a U.S. delegation visit to Mexico were disrupted by the recent U.S. Government appropriations lapse. Upon signing the MOU, Director Shasky Calvery issued a statement describing its scope and the U.S. Government’s commitment to remain engaged with Mexican counterparts to advance the shared goal of disrupting illicit financial networks linked to transnational criminal organizations which threaten the national security and financial systems of both the United States and Mexico.


FinCEN's mission is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.