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ARTICLE · 02 APRIL 2024

Anti-Money Laundering

Chevez
Chevez
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Chevez

Chevez

CHEVEZ, founded in 1981, is a leading tax consulting and legal firm based in Mexico, with presence...

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Additionally, certain states provide within their local Criminal Codes a specific prohibition and sanctions for money laundering.

MexicoGovernment, Public Sector
Cesar De La Parra
Cesar De La Parra
Carlos Hutchinson
Carlos Hutchinson
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Money laundering

1. What laws in your jurisdiction prohibit money laundering?

Mexico

The following laws prohibit money laundering in Mexico:

  • the Mexican Constitution; and
  • the Federal Criminal Code.

Additionally, certain states provide within their local Criminal Codes a specific prohibition and sanctions for money laundering.

Also, all financial institutions in Mexico have specific regulations for anti-money laundering compliance matters.

Section 22, paragraph four of the Mexican Constitution provides that assets forfeiture is applicable if the legitimate origin cannot be demonstrated and if such assets are related to investigations derived from, among others, money laundering.

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