Dec 13, 2010 10:15 PM GMT+0800

http://www.bloomberg.com/news/2010-12-13/mexico-adds-anti-laundering-rules-for-lenders-universal-says.html

Mexico’s Finance Ministry will publish new regulations for specialized lenders known as Sofomes in a bid to prevent money laundering, El Universal reported.

The rules will require Mexico’s tax agency to create a registry of the lenders, which currently don’t receive approval to operate from any financial regulator, the newspaper said.

The Sofomes will have nine months to comply with the new rules, the newspaper reported. The regulations will be published in the federal gazette in the coming days, El Universal said.