The Querétaro Chamber of Commerce expressed its position regarding the public debate surrounding the Financial Intelligence Unit’s (UIF) authority to order the inclusion of individuals on the blocked persons list, which could result in the freezing or blocking of bank accounts within the Mexican financial system.
The Querétaro Chamber of Commerce reiterated its support for the Mexican government in all actions aimed at combating money laundering, terrorist financing, and operations linked to illicit activities. The Chamber considers it essential that Mexico have strong institutions, effective prevention tools, and a decisive policy to prevent any conduct that violates the law and harms the formal economy.
At the same time, the Chamber emphasized that, given the sensitive nature of measures such as the freezing of bank funds, the country must also ensure full legal certainty. When a legal provision allows for restricting an individual’s or company’s access to their own resources, it is essential that the law precisely establish the applicable conditions, scope, limits, and safeguards.
For the Querétaro Chamber of Commerce, this point is crucial. In the current economic environment, trust is a strategic asset. Productive investment, business continuity, job creation, and the daily operations of commerce, services, and tourism also depend on clear, predictable, and transparent rules.
When areas of ambiguity persist regarding powers that directly impact the assets and operations of individuals or corporations, uncertainty arises, and uncertainty affects the investment climate, weakens trust, and can compromise business decisions that are vital to the country’s economic development.
“At the Querétaro Chamber of Commerce, we support all legitimate actions by the Mexican State to combat money laundering, the financing of terrorism, and any illicit activity. We also recognize that Mexico, as a member of the international framework led by the Financial Action Task Force (FATF), must responsibly fulfill its commitments in this area.”
The Chamber stated that it trusts the institutions and that their powers will always be exercised in strict accordance with the law. Therefore, it considers it essential that measures such as the blocking or freezing of bank accounts have clear rules, legal certainty, and effective review mechanisms.
“Legality, trust, and certainty are indispensable for strengthening investment, protecting formal businesses, and continuing to build a stronger, more competitive Mexico with greater opportunities for everyone,” it added.
The Chamber emphasized that this issue must be addressed with institutional balance: with firmness against illicit activities, but also with legal certainty, regulatory clarity, and full respect for the rule of law.
At a time when Mexico is competing to attract capital, strengthening Strengthening production chains and fostering confidence for investment, regulatory certainty is a strategic asset for the formal economy, businesses, and employment.
Therefore, the Querétaro Chamber of Commerce reiterated its willingness to work in coordination with the Financial Intelligence Unit and other relevant authorities to ensure that measures to block or freeze bank accounts are applied in accordance with the law, with clear rules and effective review mechanisms.
The Chamber reaffirmed that the fight against money laundering, terrorist financing, and any illicit activity must always be strengthened within the framework of legality, institutional trust, and the certainty that Mexico needs to continue promoting investment, competitiveness, and economic development.
Source: adninformativo
