New Fintech Mexico Director Reaffirms Industry’s Dedication to Security, Legality, and Transparency
Claudia Núñez Sañudo, the newly appointed General Director of Fintech Mexico, has reaffirmed her industry’s commitment to security, legality, and transparency in the face of stricter anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. This comes as the United Nations Office on Drugs and Crime (UNODC) reports that approximately 5% of the global GDP is laundered annually.
Background on Claudia Núñez Sañudo
Claudia Núñez Sañudo is a prominent figure in Mexico’s fintech sector, bringing extensive experience and expertise to her new role as the General Director of Fintech Mexico. Her leadership is crucial in shaping the industry’s response to increasing regulatory scrutiny and global challenges.
Fintech’s Response to U.S. Designation of Mexican Cartels as Terrorist Organizations
Núñez Sañudo addressed the recent U.S. government designation of Mexican cartels as terrorist organizations, emphasizing the fintech sector’s dedication to leveraging technology as a key tool in mitigating risks related to these criminal activities.
- Proactive Risk Monitoring: Fintech companies employ advanced technologies to monitor risks, identify reporting needs, and take preventive actions.
- Collaboration with Authorities: The sector aims to collaborate actively with national and international authorities, adopting best practices and contributing significantly to the fight against money laundering and terrorism financing.
Fintech Mexico’s Key Objectives
Núñez Sañudo outlined three primary objectives for Fintech Mexico:
- Promote Innovation: The association aims to foster innovation, a defining characteristic of the fintech sector.
- Advance Financial Inclusion: By acting as a catalyst for financial development and economic growth, the sector seeks to expand financial inclusion in Mexico.
- Strengthen Authority Collaboration: Fintech Mexico aims to build a secure and transparent ecosystem by collaborating closely with regulatory bodies.
Commitment to High-Quality Products and Competitive Rates
Núñez Sañudo emphasized that fintech companies are dedicated to developing high-quality products with competitive exchange rates and minimal costs. This commitment drives more individuals to adopt digital channels instead of relying on cash, ultimately promoting financial inclusion.
Importance of Collaboration
Núñez Sañudo highlighted the significance of close collaboration among all ecosystem actors—authorities, private sector, associations, users, and international organizations—to maintain high integrity standards and adopt the best available protocols and technologies.
Prioritizing Risk Prevention
Núñez Sañudo stressed that preventing risks associated with money laundering and terrorism financing is a strategic priority. However, she acknowledged the existence of actors attempting to exploit the system improperly.
