Author: Mehar Mozan

In 2023, Mexico’s risk index for money laundering and terrorist financing rose slightly to 5.21, up from 5.2 in 2022. Although this marks a minor increase, it reflects ongoing challenges in combating financial crimes in the region. Mexico’s highest recorded risk index was in 2017, reaching 5.75, which highlights persistent vulnerabilities in the financial system. These statistics underscore the importance of enhancing Anti-Money Laundering (AML) fraud detection efforts to mitigate risks and protect the integrity of financial institutions. Integrating advanced AML measures is crucial in reducing exposure to financial crime and improving security. What is an AML Fraud Detection? AML…