Tom Morante is the co-chair of Holland & Knight's Insurance Industry Team and Yani Contreras is Foreign Legal Counsel in our Miami office.
The Mexican Anti-Money Laundering Law aims to prevent the practice of money laundering by requiring businesses to report suspicious money transfers and prohibiting cash transactions that exceed $40,000. This article asks financial practitioners to comment on the implementation of the law and how the success of the rules will be measured.
READ: How Well Is Mexico's New Anti-Money Laundering Law Working?
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