The Controlling Beneficiary: A Key Concept in the Fight Against Money Laundering

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The recent reform to the Federal Law for the Prevention and Identification of Operations with Illicit Proceeds (LFPIORPI) has strengthened and expanded the definition of the Controlling Beneficiary. This definition is essential for combating money laundering, as it allows for the identification of the natural person who controls or benefits from transactions carried out through companies, trusts, or other legal structures.

With the reform, published on July 16, 2025, in Article 3, Section III, of the Official Gazette of the Federation (DOF), new obligations have been implemented that seek to increase transparency in financial and corporate transactions. These changes seek to align Mexican legislation with international standards, especially those of the Financial Action Task Force (FATF).

To read all the details, go to the following link:

https://www.dof.gob.mx/nota_detalle.php?codigo=5763161&fecha=16/07/2025#gsc.tab=0