Mexico Unites Treasury, Financial Intelligence and Pemex Against Fuel Theft
MEXICO · ENERGY Key Facts —What happened: Mexico’s finance ministry, its financial intelligence unit and Pemex signed an anti-fuel-theft pact on August 27. —How it works: Pemex hands over financial and legal data; the intelligence unit returns risk analysis and leads. —The target: Networks that steal fuel and launder the proceeds, plus corruption and fraud […] The post Mexico Unites Treasury,…
On August 27, Mexico's finance ministry, its financial intelligence unit and state oil company Pemex signed a pact to combat fuel theft and financial crime. Pemex will provide the UIF with financial, economic, accounting, legal and administrative data to detect illicit proceeds, corruption and hydrocarbon theft early. The UIF will then provide Pemex with intelligence on risks related to its financial activities and those of its subsidiaries. Additionally, the two entities will train staff together in operational and strategic analysis.
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