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Mexico's new anti-money laundering framework, which imposes enhanced reporting duties on financial and non-financial firms alike and lays the groundwork for a new, national database of beneficial owners, could take years to implement, sources told ACAMS moneylaundering.com. The latest reforms of Mexico's primary law against financial crime, the Federal Law for the Prevention and Detection of Operations with Illicit Resources, more commonly known as the AML Law, entered the books on July 17 after sailing through the Mexican Congress with near-unanimous approval. On paper, the reforms clamp down on many of Mexico's most pressing challenges, led by the country's possibly...