International edition
September 28, 2021

Agreement between Segob and the FIU

Mexico will tighten control over financial operations in casinos and gaming halls

Mexico will tighten control over financial operations in casinos and gaming halls
The Ministry of the Interior and the Financial Intelligence Unit (FIU) signed a collaboration agreement to prevent and combat possible acts of corruption linked to the gaming and betting sector.
Mexico | 06/18/2021

The Ministry of the Interior (Segob) and the Financial Intelligence Unit (FIU) signed a collaboration agreement to prevent and combat possible acts of corruption linked to the gaming and betting sector, as well as in relation to religious organizations.

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he head of Segob, Olga Sánchez Cordero, stated that this collaboration agreement is vital to eradicate "money laundering, corruption, and national and transnational organized crime."

The official explained that the agreement establishes mechanisms and processes so that the Ministry of the Interior has additional information from individuals, to oversee the correct fulfillment of the obligations of the aforementioned agencies.

The strategy conforms to the National Security guidelines, it will be in force until November 2024 and was signed within the framework of the "International Financial Action Group", where a series of international conventions were celebrated.

Sánchez Cordero commented that "assertive actions require that we act as a united front, guided by the principles of honesty and loyalty to the nation." She also assured that the federal Ministry she presides is willing to work jointly with the FIU for the benefit of Mexico and its inhabitants.

"The future in the fight against corruption passes through inter-institutional work that, thanks to cutting-edge technology, favors the generation of intelligence based on cooperation and information exchange," she said.

Santiago Nieto Castillo, head of the FIU, stated that with the collaboration agreement, immediacy can be developed in a series of actions, including the generation of technical annexes, integration of working groups for the fulfillment of commitments, and the promotion of institutional links.

As part of the agreement, the FIU will provide intelligence products derived from reports and notices regarding data and operations. They will also generate visits to Segob, in case of identifying behaviors and actions that concern them.

Nieto highlighted the importance of providing financial information on notices and reports, in order to be able to integrate workgroups that fight criminal groups and protect human rights. Particularly in relation to games and raffles, the head of the FIU explained that the exchange of information will allow combating crimes such as money laundering in casinos, and it will be possible to comply with the standards of the Financial Action Task Force (FATF).

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