Avala Court Uif Power to Block Accounts
40 Articles
40 Articles
The Supreme Court of Justice of the Nation (SCJN) changed the criteria of its predecessors, confirming that the Financial Intelligence Unit (FIU) blocks bank accounts without intervention from the Public Prosecutor's Office, judicial order or foreign request, when there are indications of crimes of national origin such as money laundering or financing terrorism.
The Supreme Court of Justice of the Nation (SCJN) denied amparo to two persons, one physical and another moral, the latter owned by one of Ismael El Mayo Zambada's nephews, against the blocking of bank accounts.With this, the Constitutional Court abandoned two jurisprudences of the old integration, which limited the blocking of bank accounts by the UIF to cases requested by foreign authorities.According to the ministers, this unreasonably limits…
Minister Yasmín Esquivel rejected the ruling of the Supreme Court of Justice of the Nation (SCJN) that will allow the Financial Intelligence Unit (UIF) to block accounts such as Salinas Pliego’s. During his participation in the discussion, Yasmín Esquivel stressed that the rule is poorly drafted, because it leaves many gaps and does not ensure the security and legal certainty of users. Yasmín Esquivel reiterates his refusal to allow UIF to block…
Mexico City, 6 Apr (EFE).- The Supreme Court of Justice of the Nation (SCJN) of Mexico endorsed Monday the blocking of bank accounts by the Financial Intelligence Unit (UIF) of the Ministry of Finance and Public Credit (SHCP), as a measure to prevent the use of money of illegal origin without a judicial request or from a foreign authority. Ministers of the Mexican Court validated the procedure that regulates the blocking of accounts and mechanis…
The Supreme Court of Justice of the Nation (SCJN) has validated the power of the Financial Intelligence Unit (UIF), the anti-laundering agency of the Mexican government, to freeze bank accounts in cases where it suspects of illegal activities of money laundering, whether of individuals or companies. Thus, the UIF will not have to promote a judicial order prior to the blocking of suspicious accounts.This decision on combating money laundering is …
The Supreme Court today endorsed the power of the Financial Intelligence Unit (FIU) to block bank accounts, without a court order, in any case in which it suspects that there are funds of illicit origin. In various votes, the Court abandoned jurisprudence established in 2018 for its previous integration, in which it held that these blockades are only constitutional when there is an express request from foreign authority. Today’s decision adds to…
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