The Federal Trade Commission and Mexico’s consumer protection agency, the Procuraduría Federal del Consumidor (Profeco), today signed a bilateral Memorandum of Understanding (MOU) to promote enhanced cooperation in the fight against cross-border fraud. This memorandum marks the first time the FTC has signed a consumer protection MOU with a non-English-speaking nation. The signing took place in Washington, DC.
The MOU strengthens the close relationship between the United States and Mexico and will facilitate greater law enforcement coordination in consumer protection matters affecting both nations. This memorandum is a “best efforts” agreement – it is not legally binding and does not alter either country’s existing consumer protection laws.
The MOU establishes several key goals, including
The FTC is working to promote international consumer protection cooperation on a global level. The agency has also signed MOUs with Australia, Canada, Ireland, and the United Kingdom.
The Commission vote to approve the agreement was 5-0.
The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint in English or Spanish (bilingual counselors are available to take complaints), or to get free information on any of 150 consumer topics, call toll-free, 1-877-FTC-HELP (1-877-382-4357), or use the complaint form at http://www.ftc.gov. The FTC enters Internet, telemarketing, identity theft, and other fraud-related complaints into Consumer Sentinel, a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.
(FTC File No. P035303)