Precedents: Anti-money laundering
20 results. Rulings of the Mexican Supreme Court, the federal courts and the Federal Administrative Court (TFJA) in our practice areas. Each with a brief explanation and, for the most relevant ones, our take.
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Notice of first sale of real estate. The exemption from filing it applies when either of the two conditions in article 27 Bis, section III, items a) and b), of the General Rules under the Federal Law for the Prevention and Identification of Transactions with Illicit Proceeds is met.
Official heading (Spanish): AVISO POR LA PRIMERA VENTA DE INMUEBLES. LA EXCEPCIÓN A LA OBLIGACIÓN DE PRESENTARLO SE ACTUALIZA CON EL CUMPLIMIENTO DE CUALQUIERA DE LOS DOS SUPUESTOS PREVISTOS EN EL ARTÍCULO 27 BIS, FRACCIÓN III, INCISOS A) Y B), DE LAS REGLAS DE CARÁCTER GENERAL A QUE SE REFIERE LA LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA.
The exception to filing the notice for a first sale of real estate applies if either of the two cases in Article 27 Bis, section III, subsections a) and b), of the anti-money laundering rules is met. Both need not occur together. Confirm which one applies.
Prevention and identification of transactions with illicit proceeds. Article 41, last paragraph, of the relevant federal law does not violate the right to legal certainty.
Official heading (Spanish): PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA. EL ARTÍCULO 41, PÁRRAFO ÚLTIMO, DE LA LEY FEDERAL RELATIVA, NO VULNERA EL DERECHO A LA SEGURIDAD JURÍDICA.
The last paragraph of Article 41 of the Federal Law for the Prevention and Identification of Transactions with Resources of Illicit Origin does not violate legal certainty. Businesses engaged in vulnerable activities should not expect it to be invalidated on that ground.
Confidentiality of the identity and personal data of public officials. Binding precedent P./J. 7/2015 (10a.) does not apply in relation to the Federal Law for the Prevention and Identification of Transactions with Illicit Proceeds.
Official heading (Spanish): RESERVA DE IDENTIDAD Y DATOS PERSONALES DE SERVIDORES PÚBLICOS. INAPLICABILIDAD DE LA JURISPRUDENCIA P./J. 7/2015 (10a.) RESPECTO DE LA LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA.
Binding precedent P./J. 7/2015 (10a.), on identifying the public servant involved in an official act, does not apply to the federal law on resources of illicit origin. The same identification requirement is not demanded there.
Subject-matter jurisdiction. Citing sections IX and XI of article 49 of the SAT Internal Regulations suffices to validly ground the jurisdiction of the authority issuing the document that starts the sanction proceeding.
Official heading (Spanish): COMPETENCIA MATERIAL. ES SUFICIENTE LA CITA DE LAS FRACCIONES IX Y XI DEL ARTÍCULO 49 DEL REGLAMENTO INTERIOR DEL SERVICIO DE ADMINISTRACIÓN TRIBUTARIA PARA TENER POR DEBIDAMENTE FUNDADA LA COMPETENCIA DE LA AUTORIDAD QUE EMITE EL OFICIO CON EL QUE SE DA INICIO AL PROCEDIMIENTO SANCIONADOR
Citing sections IX and XI of article 49 of the SAT Internal Regulations is enough to ground the subject-matter jurisdiction of the authority opening a sanction proceeding after a verification. This narrows jurisdiction arguments in such cases.
Federal Law for the Prevention and Identification of Transactions with Illicit Resources. The verification and sanction proceedings are independent, as are the deadlines for the resolution ending each.
Official heading (Spanish): LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA, LOS PROCEDIMIENTOS DE VERIFICACIÓN Y DE SANCIÓN EN ELLA PREVISTOS SON INDEPENDIENTES, AL IGUAL QUE LOS PLAZOS PARA LA EMISIÓN DE LA RESOLUCIÓN CON LA QUE CADA UNO CULMINA.
Verification and sanction proceedings under the anti-money laundering law are independent, as are the deadlines for resolving each. Expiration must be assessed separately for each proceeding.
Obligation to request information on the existence of a beneficial owner. Non-compliance results in a fine for each transaction.
Official heading (Spanish): OBLIGACIÓN DE SOLICITAR INFORMACIÓN DE LA EXISTENCIA DE DUEÑO BENEFICIARIO. SU INCUMPLIMIENTO PRODUCE LA IMPOSICIÓN DE UNA MULTA POR CADA OPERACIÓN
Failing to request beneficial owner information is fined per transaction, even when several transactions involve the same parties and dates. Entities carrying out vulnerable activities should document the request for each individual transaction.
Verification, sanction and challenge proceedings on anti-money laundering prevention. The authority's jurisdiction to conduct and resolve them may be examined ex officio.
Official heading (Spanish): PROCEDIMIENTOS ADMINISTRATIVOS DE VERIFICACIÓN, SANCIONADOR E IMPUGNATIVO EN MATERIA DE PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA. LA COMPETENCIA DE LA AUTORIDAD PARA TRAMITAR Y RESOLVER TALES PROCEDIMIENTOS PUEDE ANALIZARSE DE OFICIO
Anti-money laundering verification, sanction and challenge proceedings are treated as a single continuous process, so the jurisdiction of every authority involved may be examined ex officio. Review jurisdiction across the whole chain of proceedings.
Central Strategic Audit Administration. It is competent to decide the review appeal under article 61 of the Anti-Money Laundering Law, filed against the conclusion of a verification visit issued by the administration under it.
Official heading (Spanish): ADMINISTRACIÓN CENTRAL DE FISCALIZACIÓN ESTRATÉGICA. TIENE COMPETENCIA PARA RESOLVER EL RECURSO DE REVISIÓN PREVISTO EN EL ARTÍCULO 61 DE LA LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA, INTERPUESTO EN CONTRA DE LA CONCLUSIÓN DE LA VISITA DE VERIFICACIÓN EMITIDA POR LA ADMINISTRACIÓN CENTRAL DE FISCALIZACIÓN ESTRATÉGICA.
The SAT's Central Strategic Audit Administration decides, as hierarchical superior, the review appeal under article 61 of the Anti-Money Laundering Law against the conclusion of a verification visit.
The warning (amonestación) in article 70, section I of the Federal Administrative Procedure Law does not apply when the duty to file notices under article 17 of the Anti-Money Laundering Law is breached.
Official heading (Spanish): AMONESTACIÓN PREVISTA EN EL ARTÍCULO 70, FRACCIÓN I DE LA LEY FEDERAL DE PROCEDIMIENTO ADMINISTRATIVO. NO ES APLICABLE SI SE INCUMPLE CON LA OBLIGACIÓN DE PRESENTAR LOS AVISOS A QUE SE REFIERE EL ARTÍCULO 17 DE LA LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA.
The Anti-Money Laundering Law allows supplementary use of the Federal Administrative Procedure Law, but not to impose a warning for failing to file the notices required by article 17.
Certain date (fecha cierta). It is indispensable to give full probative value to contracts offered to prove compliance with the Anti-Money Laundering Law.
Official heading (Spanish): FECHA CIERTA. ES INDISPENSABLE PARA OTORGAR VALOR PROBATORIO PLENO A LOS CONTRATOS CON LOS QUE SE PRETENDE ACREDITAR EL CUMPLIMIENTO DE OBLIGACIONES PREVISTAS EN LA LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA.
A contract offered to prove compliance with the Anti-Money Laundering Law needs a certain date to carry full probative value. Ratify or register it in time.
Duty to request information on the existence of a beneficial owner. Failure to comply results in a fine for each operation.
Official heading (Spanish): OBLIGACIÓN DE SOLICITAR INFORMACIÓN DE LA EXISTENCIA DE DUEÑO BENEFICIARIO. SU INCUMPLIMIENTO PRODUCE LA IMPOSICIÓN DE UNA MULTA POR CADA OPERACIÓN.
Those performing vulnerable activities must ask clients about the beneficial owner (Anti-Money Laundering Law, arts. 18, 53 and 54); failing to do so draws a fine for each operation.
Verification and penalty procedures under the Anti-Money Laundering Law. The authority is not obliged to request evidence not produced within the legal deadlines, even under articles 16, section II and 17-A of the Federal Administrative Procedure Law.
Official heading (Spanish): PROCEDIMIENTOS DE VERIFICACIÓN Y SANCIÓN PREVISTOS EN LA LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA. LA AUTORIDAD NO ESTÁ OBLIGADA A REQUERIR LAS PRUEBAS QUE NO SEAN EXHIBIDAS EN LOS PLAZOS LEGALES OTORGADOS PARA TAL EFECTO, AÚN EN TÉRMINOS DE LO DISPUESTO POR LOS ARTÍCULOS 16, FRACCIÓN II Y, 17-A, DE LA LEY FEDERAL DE PROCEDIMIENTO ADMINISTRATIVO, DE APLICACIÓN SUPLETORIA EN LA MATERIA.
In Anti-Money Laundering Law verifications and penalty proceedings, the authority need not request evidence the obligated party failed to produce within legal deadlines, even with supplementary application of the LFPA.
Review appeal under the Anti-Money Laundering Law. The filing deadline is computed under article 28 of the Federal Administrative Procedure Law.
Official heading (Spanish): RECURSO DE REVISIÓN PREVISTO EN LA LEY FEDERAL PARA LA PREVENCIÓN DE IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA. PARA COMPUTAR EL PLAZO PARA SU INTERPOSICIÓN SE DEBE ESTAR A LO PREVISTO EN EL ARTÍCULO 28 DE LA LEY FEDERAL DE PROCEDIMIENTO ADMINISTRATIVO.
The deadline to file the review appeal against Anti-Money Laundering Law penalties is computed under article 28 of the Federal Administrative Procedure Law.
Prevention and identification of transactions with proceeds of illicit origin. The express acknowledgment of the violation required to avoid a penalty by an entity performing vulnerable activities is met by late, spontaneous compliance before verification powers begin.
Official heading (Spanish): PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA. EL RECONOCIMIENTO EXPRESO DE LA FALTA EN QUE INCURRIÓ EL INFRACTOR QUE REALIZA ACTIVIDADES VULNERABLES, COMO REQUISITO PARA NO SER SANCIONADO, SE SATISFACE CON EL CUMPLIMIENTO EXTEMPORÁNEO Y ESPONTÁNEO DE LA OBLIGACIÓN OMITIDA, PREVIAMENTE AL INICIO DE LAS FACULTADES DE VERIFICACIÓN.
For vulnerable activities, the express acknowledgment of the violation needed to avoid a penalty is satisfied by late, spontaneous compliance with the omitted obligation before verification powers begin.
Verification visits under Chapter V of the Federal Law for the Prevention and Identification of Transactions with Illicit Proceeds. They do not require a prior notice (citatorio).
Official heading (Spanish): VISITAS DE VERIFICACIÓN ESTABLECIDAS EN EL CAPÍTULO V DE LA LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA, SU PRÁCTICA NO REQUIERE DE CITATORIO PREVIO.
Verification visits under Chapter V of the anti-money laundering law do not require a prior notice (citatorio). Serving the interested party directly is preferable but not essential for validity. Designate in advance who will attend the verifier.
Federal Law for the Prevention and Identification of Transactions with Illicit Proceeds. The verification and sanction procedures it provides are independent, as are the periods for issuing the ruling that ends each.
Official heading (Spanish): LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA, LOS PROCEDIMIENTOS DE VERIFICACIÓN Y DE SANCIÓN EN ELLA PREVISTOS SON INDEPENDIENTES, AL IGUAL QUE LOS PLAZOS PARA LA EMISIÓN DE LA RESOLUCIÓN CON LA QUE CADA UNO CULMINA.-
Under the anti-money laundering law, the verification and sanction procedures are independent, and so are the deadlines to issue each final ruling. Expiration is assessed separately for each. Track both deadlines when dealing with vulnerable activities.
Anti-money-laundering law. Article 54, first paragraph, section III, providing a fine between a minimum and maximum, does not violate Article 22 of the Constitution.
Official heading (Spanish): PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA. EL ARTÍCULO 54, PRIMER PÁRRAFO, FRACCIÓN III, DE LA LEY FEDERAL RELATIVA, AL PREVER LA IMPOSICIÓN DE UNA MULTA ENTRE UN MONTO MÍNIMO Y UNO MÁXIMO, NO VIOLA EL ARTÍCULO 22 DE LA CONSTITUCIÓN GENERAL.
Article 54, first paragraph, section III of the Anti-Money-Laundering Law sets a fine between a minimum and maximum without violating Article 22 of the Constitution. Entities performing vulnerable activities cannot claim excessive fines based only on the statutory range.
Payment receipts. A fine for violating Article 33, third paragraph, of the anti-money laundering law is unlawful if it requires receipts to meet requirements not provided by law.
Official heading (Spanish): COMPROBANTES DE PAGO. ES ILEGAL LA RESOLUCIÓN QUE DETERMINA UNA MULTA POR INFRACCIÓN AL TERCER PÁRRAFO DEL ARTÍCULO 33 DE LA LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA, SI EXIGE QUE ESTOS CUMPLAN CON REQUISITOS NO PREVISTOS EN LEY.-
A fine for violating Article 33, third paragraph, of the anti-money laundering law is unlawful if the authority rejects a payment receipt because a financial institution did not issue it, a requirement the law does not impose. Keep and present the receipts you have.
Anti-money laundering law. The cash restriction on vehicle ownership transfers includes the taxes arising from the transaction.
Official heading (Spanish): LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA. LA RESTRICCIÓN DE EFECTIVO PREVISTA PARA LA TRANSMISIÓN DE PROPIEDAD DE VEHÍCULOS INCLUYE LAS CONTRIBUCIONES CAUSADAS POR LA OPERACIÓN CORRESPONDIENTE.-
For vehicle ownership transfers, the anti-money laundering law's cash limit includes the taxes arising from the transaction. Vehicle sellers must add them in when calculating how much cash they may accept.
Anti-money laundering law. Its verification and sanction procedures are independent, as are the deadlines for issuing the resolution that ends each one.
Official heading (Spanish): LEY FEDERAL PARA LA PREVENCIÓN E IDENTIFICACIÓN DE OPERACIONES CON RECURSOS DE PROCEDENCIA ILÍCITA, LOS PROCEDIMIENTOS DE VERIFICACIÓN Y DE SANCIÓN EN ELLA PREVISTOS SON INDEPENDIENTES, AL IGUAL QUE LOS PLAZOS PARA LA EMISIÓN DE LA RESOLUCIÓN CON LA QUE CADA UNO CULMINA.-
The verification and sanction procedures under the anti-money laundering law are independent, as are the deadlines for the resolution ending each one. When defending, examine the dates and limits of each procedure separately.
Prepared by Artegia for information only; not legal advice. Headings in English are unofficial translations. The official text is the one published in the Semanario Judicial de la Federación or the TFJA journal.