Zapopan, Jalisco; July 20, 2023.- Money laundering is a global phenomenon associated with various crimes such as tax evasion, human trafficking, drug trafficking, terrorism and corruption. This crime affects the financial systems of countries by introducing illicit resources as legitimate operations, destroying confidence in institutions and contributing to political and social instability.
Impact of money laundering in Mexico
The World Bank estimates that money laundering represents approximately 2.7% of the World Gross Domestic Product, equivalent to more than twice the size of Mexico's economy. Between 18,000 and 44,000 million pesos enter the Mexican financial system as money laundering from criminal activities .
The Federal Law for the Prevention and Identification of Operations with Illicit Proceeds (LFPIORPI) seeks to combat the use of financial institutions and vulnerable companies by criminal groups in Mexico. The receipt of donations is considered a vulnerable activity, which affects Donatarias Autorizadas de Educación Superior.
Objective of the research
The research entitled "The impact of the LFPIORPI on the Donatarias Autorizadas de Educación Superior en México", focuses on explaining the financial and administrative repercussions that the implementation of the obligations of the LFPIORPI has had on the Donatarias Autorizadas de Educación Superior in Mexico, institutions that play a crucial role in the social and educational transformation of the country.
It uses a qualitative and explanatory approach, employing the ethnographic method. In-depth interviews were conducted with LFPIORPI compliance officers and questionnaires were applied to experts in money laundering prevention.
Risks and challenges
The Higher Education Donatarias Autorizadas de Donatarias de Educación Superior studied consider the receipt of donations as a complementary, but essential source of income for taxation under Title III of the Income Tax Law. However, implementing compliance has a high financial cost, although less than the potential penalties for noncompliance.
Thus, confusion was found in the treatment and origin of the obligations established in the LFPIORPI, which requires adaptations in systems, controls and processes. In addition, the need to implement a risk-based methodology was highlighted.
Commitment and Updating
The importance of senior management commitment to ensure the integrity and governance of organizations is emphasized , and technological adjustments to the SAT platform are suggested to improve compliance.
The preparation of this thesis has been a process of professional and personal growth, which has served to develop skills and attitudes that will be fundamental to continue in the field of research.
Researcher Data
Dr. María Guadalupe Torres Pulido, School of Business Administration.
Guadalajara Campus.
