Kenneth Rijock

Kenneth Rijock

Thursday, October 18, 2012

MEXICO'S PRESIDENT SIGNS NEW MONEY LAUNDERING LAW



Mexican President Felipe Calderón has signed into law the new money laundering legislation that we have covered in an earlier article on this blog*. In essence the new law prohibits  paying cash for real estate transactions over the equivalent of $80,000, and vehicle purchases over the Peso equivalent of $16,000.

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*Will new Mexican AML Laws send the chupacabra to Panama ?

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