Mexico's CONCANACO urges family businesses to adopt new digital and anti‑money‑laundering regulations

The Confederation of National Chambers of Commerce, Services and Tourism (CONCANACO SERVYTUR) called on Mexico’s family‑run enterprises to comply with two recent regulatory initiatives.

First, it highlighted the telecommunications regulator’s mobile‑line linking program, which has registered 63 million lines – 40.2 million prepaid and 22.8 million postpaid – to improve digital identity, protect financial transactions and curb phone‑based fraud and extortion.

Second, CONCANACO warned that new anti‑money‑laundering rules, adopted after reforms to the LFPIORPI and its regulations, will require businesses to update compliance manuals, adopt a 24‑hour reporting window for suspicious operations and enroll in the SAT’s SPPLD portal. The aim is to safeguard the roughly 5.2 million family businesses from illicit activities and potential sanctions.