In 11 years, 85 percent of the money blocked by the UIF was released

Through protections, hearings and other mechanisms, more than 85 percent of the money blocked by the Financial Intelligence Unit (UIF) over 11 years has been recovered by the people on whom the precautionary measure was imposed.

According to its most recent activity report, of the 48,407 million pesos that the Treasury Secretariat agency has blocked throughout its existence, only 7,165 million remain under the measure.

The rest, 41,242 million pesos, have been recovered by the people and companies under investigation, the document shows as of November 2024.

As a result of the incorporation of subjects to the list of blocked persons (LPB), from January to November 2024, 3 thousand 804 million 857 thousand 241 pesos were blocked, which is the highest amount in the last 10 years.

In November, 7,07 individuals and legal entities appeared in the LPB and 46,053 accounts in financial institutions were blocked. The LPB is a confidential precautionary measure, which aims to prevent and detect acts, omissions or operations that could favor, provide help, assistance or cooperation of any kind for the commission of crimes, according to a SHCP document. .

As a result of the analysis of information, the FIU can file complaints for money laundering and its preceding crimes, and incorporate subjects into the LPB as a precautionary measure.

From January to November 2024, 86 complaints were filed. However, it was in 2023, when the FIU received the highest number of reports in the last 20 years (166).

In 2007 – the year in which it received the fewest reports – there were 25.

For the FIU to collect and analyze operations that could be related to money laundering, credit institutions are required to provide information and transaction documentation.

Until November, the FIU received 14.4 million reports of relevant operations, 293,018 of unusual ones and 800 of worrying internal operations.

A relevant transaction is one that is carried out for an amount equal to or greater than 10 thousand dollars, while an unusual transaction refers to conduct that does not match the history or declared activity or with the client’s initial or usual transactional profile.