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LatinNews Regional Monitor: Mexico - 25 July 2017

In brief: Mexico

* The federal tax authority (SAT) has reported that it has found “indications” of money laundering in some 60 cases since the start of the year. It also says that it has identified 64,468 individuals who must provide additional information to the authorities about their financial transactions in line with existing anti-money laundering legislation. However, the SAT said that 51% of these individuals have so far failed to provide all the information required by law. Noting that it does not have the power to sanction these individuals, the SAT has said that it has passed on this information to the financial intelligence unit at the federal finance ministry (SHCP) and the federal attorney general’s office (PGR), so that these can open any pertinent investigations.  

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