How to Identify Mexican ‘Ghost’ Companies

How to Identify Mexican ‘Ghost’ Companies

Mexico is notorious for the existence of ghost companies. These entities are often used for illicit purposes, such as tax evasion and money laundering, and thus present significant risks to financial institutions and multinationals seeking to do business in Mexico. Follow these tips to mitigate the threat of conducting business with a ghost company in Mexico.

Snippets From The Download:

How to verify Mexico-based entities?

Risk analysts should begin by verifying basic company information, such as the number of employees and whether the company has legitimate contact information.

Is the company on Mexico’s SAT Article 69-B blacklist?

The Mexican government maintains a list of all taxpayers — both legal and natural persons — that have issued receipts without having the assets, personnel, infrastructure or material capacity to provide services or produce, sell, or deliver goods pursuant to Article 69-B of the Mexican Federal Tax Code (Código Fiscal de la Federación).

About Sayari:

Sayari provides data intelligence platforms to power the fight against financial crime, increase corporate transparency in high-risk places, and support critical national security mission sets. The top global financial institutions, Fortune 100 corporations, financial crime regulators, and enforcement agencies in 35 countries trust Sayari every day.

About the Author: