Overview

• At Asofom’s 19th convention in Cancún, leaders said a signed ten‑point code of practices will be formally presented to the Finance Ministry.
• The plan commits members to stronger due diligence with checks against U.S. OFAC sanctions lists and heightened financing‑of‑terrorism controls.
• Asofom, which represents 260 of roughly 2,000 Sofomes, seeks deeper supervisory scrutiny of shareholders, related parties, and key clients.
• Executives cited recent U.S. actions naming CIBanco, Intercam, and Vector as the catalyst for accelerating sector safeguards.
• The initiative includes a certification program and mandatory financial statement disclosure to boost transparency and investor confidence.