Bitso Appoints Luis Urrutia, a Global Reference in AML and Regulation, as General Counsel and Regulatory Affairs EVP

Bitso, Latin America’s leading financial services company powered by  crypto, announces the appointment of Luis Urrutia as its new General Counsel and Executive Vice  President of Global Regulatory Affairs. This addition to the executive team reaffirms the company’s  commitment to regulatory excellence and its mission to democratize access to financial services in the  region. 

A graduate of the Law program at the Autonomous Technological Institute of Mexico (ITAM) with a Master’s  in public policy from the University of Chicago, Urrutia is considered one of the three most renowned lawyers  in financial regulation in Mexico and a global authority at the intersection of law, compliance, and financial  innovation. 

With almost a decade of public service at the Mexican Ministry of Finance and Public Credit (SHCP), Urrutia  served as Federal Deputy Attorney General for Financial Affairs and Head of the Financial Intelligence Unit  (UIF). During his tenure, he led the design and implementation of the first comprehensive framework against  money laundering and terrorist financing (AML/CFT) in Mexico, focused on preventing and combating illicit  financial transactions. 

He was also appointed Vice President and later President of the Financial Action Task Force (FATF), the  international body that sets global standards for the prevention of money laundering and terrorist financing.  After this tenure, he served as General Counsel of the Bank of Mexico and, most recently, as Deputy  General Counsel of the International Monetary Fund (IMF) —the highest position a Mexican lawyer has  held at that institution— where he collaborated in the management of the legal team and followed up on  financial integrity matters, including aspects of fintech innovation, as well as governance and anti-corruption. 

“It is a great opportunity to join Bitso, a company that has been a benchmark for innovation, vision, and  solidity in the Latin American ecosystem, and a pioneer in introducing new digital products to improve  efficiency and provide access to a broader population in the region. Always at the forefront of best practices  in the industry, I am excited to contribute with my experience in regulatory affairs to a sector in constant  growth and evolution, helping to fulfill Bitso’s mission of democratizing access to financial services,” said Luis Urrutia, General Counsel and Executive Vice President of Regulatory Affairs at Bitso. 

Luis joins Bitso with the mission of strengthening its global regulatory strategy and continuing to consolidate  one of the company’s fundamental pillars: its robust culture of compliance. His unparalleled experience in  financial regulation and anti-money laundering will be key to ensuring that Bitso continues to solidify its  position as one of the most reliable and secure crypto platforms in the world.