Federal Act for the Prevention and Identification of Transactions Involving Illicit Funds

Federal Act for the Prevention and Identification of Transactions Involving Illicit Funds

July, 2013

On July 17, 2013, the Federal Act for the Prevention and Identification of Transactions Involving Illicit Funds (the "Act") entered into force, in accordance with the provisions published in the Official Federal Gazette on October 17, 2012.

July 19, 2013. On Wednesday, July 17, 2013, the Federal Act for the Prevention and Identification of Transactions Involving Illicit Funds (the "Act") entered into force, in accordance with the provisions published in the Official Federal Gazette on October 17, 2012. In addition, on Wednesday the decree establishing the organization and operation of the Specialized Financial Analysis Unit of the Office of the Attorney General of the Republic (the "Unit") was published in the Official Federal Gazette. Such Unit will be the sole authority competent to analyze information related to what the Act deems an offense and will issue the expert opinions to assist the Administration's investigations. Federal Act for the Prevention and Identification of Transactions Involving Illicit Funds. Specialized Financial Analysis Unit of the Office of the Attorney General of the Republic. Please see the attached document by clicking here. For further information, please contact our experts: Andres Nieto, Partner: anieto@vwys.com.mx or at tel. 52 55 5 259 10 30. Luis Burgueño, Partner: lburgueno@vwys.com.mx or at tel. 52 55 5 258 10 03. Luis Alberto King, Associate lking@vwys.com.mx or at tel. 52 55 5 258 10 00