CHAPTER 60
COMPLIANCE IN MEXICO : TRENDS, BEST PRACTICES, AND CHALLENGES
60.1 INTRODUCTION
60.2 POLITICAL AND ECONOMIC ENVIRONMENT
(a) Political Conditions
(b) Economic Environment
60.3 INTERNATIONAL INITIATIVES AGAINST CORRUPTION
(a) Compliance with the OECD Convention
(b) OECD Evaluation of Mexico
60.4 APPLICABLE U.S. LAWS AND REGULATIONS
(a) Foreign Corrupt Practices Act of 1977 and Sarbanes-Oxley Act of 2002
(b) Federal Sentencing Guidelines (FSG)
60.5 MEXICAN BEST PRACTICES AND LAWS
(a) Code of Best Practices
(b) Compliance with Mexican Code of Best Practices
(c) New Mexican Securities Market Law
(d) Major Challenges in Anticorruption and Governance
60.6 ANTI-MONEY LAUNDERING COMPLIANCE
(a) International Organizations
(b) Money Laundering in the Mexican Financial System
(c) Anti-Money Laundering Laws and Regulations
(d) FATF Evaluation of Mexico
(e) Cooperation with U.S. Authorities
60.7 CONCLUDING REMARKS
NOTES
60.1 INTRODUCTION
This chapter summarizes current trends, challenges, and opportunities for the implementation of compliance best practices in Mexico. For this purpose, it includes a brief description of the political and economic environment of the country and the local, international, and U.S. standards adopted by Mexico with respect to anticorruption, corporate governance, and anti-money laundering (AML). Compliance statistics from authoritative sources and the resulting challenges and opportunities are also included in the chapter.
60.2 POLITICAL ...
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