In 2012, the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin, also known as the “Anti-Money Laundering Law,” was enacted. This legislation aims to regulate economic operations prone to the capture of resources of illicit origin that the SAT seeks to prevent.
Under Article 32 of the Anti-Money Laundering Law, new restrictions are to be established on the settlement of certain transactions with national coins and bills, other currencies, or precious metals. What are the transactions with restrictions on the use of cash? According to the Anti-Money Laundering Law, these are the operations and limits on using cash and precious metals established by the SAT.
- Acquisition of vehicles: It encompasses any type of vehicle, whether land, air, or marine, with a maximum limit of 3,210 UMAS (equivalent to 346,326.90 pesos).
- Purchase of real estate: Cash is limited to 8,025 UMAS (equivalent to 865,817.25 pesos) in these transactions.
- Purchase and sale of shares: Although they are generally carried out through bank transfers, some corporations may use cash, with a limit of 3,210 UMAS (equivalent to 346,326.90 pesos).
- Acquisition of jewelry or watches: The maximum cash amount allowed is 3,210 UMAS (equivalent to 346,326.90 pesos).
- Contests, games, and bets: In this case, the limit for using cash is 3,210 UMAS (equivalent to 346,326.90 pesos), which must be exceeded through electronic transfer.
- Armored vehicles: The maximum cash amount is 3,210 UMAS or 346,326.90 pesos.
Be sure to comply with these restrictions to avoid legal consequences in 2024.
Stay informed and avoid SAT fines!
