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Expanded Mexican AML Measures to Take Effect September 1
By Colby Adams and Brian Monroe
printA measure that will impose anti-money laundering program requirements on a broad range of non-bank businesses and professions in Mexico will take effect next month, according to a notice published Friday in the country's official journal. According to the notice, public notaries, accountants, real estate brokers, jewelers and a number of other businesses must establish know-your-customer procedures and appoint compliance officers by September 1, under the Federal Law on the Prevention and Identification of Operations with Funds of Illicit Origin introduced in August 2010. Beginning in mid-October, covered industries-a category that also includes certain lenders, lottery ticket sellers and armored...
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