US EditionAvala Court Uif Power to Block Accounts
27 Articles
27 Articles
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…
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…
TIJUANA, APRIL 06, 2026.-Today the SCJN resolved the Action of Inconstitutionality 58/2022, which analyzes whether the Credit Institutions Act violates principles such as the presumption of innocence, due process, legal certainty and the right of hearing. The case. To understand the substance of the matter, one must start from an undeniable reality: organized crime does not operate in a vacuum. It is supported by complex financial networks that …
The Supreme Court of Justice of the Nation ruled that the freezing of bank accounts in Mexico can be applied without a court order or intervention by the Public Prosecutor's Office, provided there are indications of money laundering or financing terrorism. With six votes... Full note »
Mexico City, Mexico.- The Supreme Court of Justice of the Nation validated the power granted to the Ministry of Finance and Public Credit (SHCP) to block, without prior judicial order, bank accounts through the Financial Intelligence Unit (FIU). This provided there are indications of money laundering or financing terrorism.
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