Reinsurance and Surety Companies in Mexico.
Financial companies such as those in the Insurance, Reinsurance or Surety sectors are increasingly exposed to the risk of being used as a channel for money laundering or terrorist financing. With the aim of helping these types of financial institutions comply with the regulations of the National Insurance and Surety Commission (CNSF), at Ocampo 1890 we have three AML/CFT services – Prevention of Money Laundering and Terrorism Financing.
- Annual audit on the Prevention of Money Laundering to be submitted to the National Insurance and Surety Commission (CNSF).
- Training in the Prevention of Money Laundering and Financing of Terrorism.
- Validation of the operational implementation of the Risk-Based Compliance Model.
The advantage of our AML/CFT legal area
- We have more than 130 years of experience in the Insurance and Reinsurance sector and 30 years of experience in the Insurance and Reinsurance sector.
- All services are implemented exclusively by expert lawyers in AML/CFT and specialists in the Insurance and Reinsurance sector.
- We have extensive experience developing Compliance Manuals and AML/CFT Procedures for insurance companies and surety bond companies with numerous success stories approved by the National Insurance and Surety Commission – CNSF.
What does the annual Audit service on Money Laundering Prevention to be submitted to the National Insurance and Surety Commission (CNSF) include?
The annual audit services in the area of ​​AML/CFT include a detailed review of the performance of the duties of the Compliance Officer and its internal structure, the Communication and Control Committee, as well as the follow-up carried out by the Board of Directors of the issues observed by the Audit Committee on this subject; according to the documentary support, databases, access to systems, lists of blocked persons (black lists), which the Institution has.
What is our Anti-Money Laundering and Terrorism Financing Prevention (AML/CFT) Training Service?
Training in AML/CFT matters consists of the delivery of a theoretical-practical course for the recognition, compliance and monitoring of obligations arising from AML/CFT with the purpose of enabling the Compliance Officer and his/her staff to:
- Analyze legal obligations and prohibitions
- Integration of files in a much more simplified way
- Determine whether the procedure currently used is appropriate to the needs and operations of the Institution, or if it is possible to simplify the procedures already established, in order to improve and optimize the operation of the Money Laundering Prevention area and personnel.
What does the Validation of the operational implementation of the Risk-Based Compliance Model consist of?
This service consists of the review of the documents developed by the Institution to validate that the provisions of the regulations and the internal documents of the Institution are adequate and sufficient for the implementation of the Client Risk Assessment Methodology and Risk-Based Approach.
Ocampo 1890 is a Law Firm with expertise in Insurance and Reinsurance Law and ranked in Chambers & Partners, The Legal 500 and Best Lawyers as one of the best Insurance Law firms in Mexico. Visit our legal rankings here ->Â https://linktr.ee/ocampo1890
If you would like to know more details or customize the AML/CFT services according to the needs of your institution, schedule a meeting at the following link.
Contact us for detailed information
contacto@ocampo.law
+55 5339 5050
