Ahead of World Cup, Mexico Quietly Orders Banks to Tighten Terror-Finance Controls

Mexican financial authorities issued non-public directives asking banks, brokerages, and other financial entities to strengthen surveillance for terrorism financing and proliferation risks ahead of the World Cup, outlining risk indicators, tighter KYC and beneficial ownership checks, and implementation timelines; experts say the move responds to higher transactional volumes and U.S. actions designating some cartels as FTOs, increasing compliance urgency.