Court decision confirms that an article of the Anti-money laundering law that establishes the imposition of fines is constitutional
An entity challenged the imposition of fines by the Tax Administration Service (“SAT”). The fines were imposed because the entity did not comply with certain obligations established in the Mexican Anti-money Laundering Law [1]: As a result, the company was imposed with fines in accordance with article 54 first paragraph, subparagraph III of the Anti-money […]