Tag Archives: Deposits

Mexican Treasury to Keep Tabs on Small Cash Deposits

By THE PULSE NEWS MEXICO STAFF In an effort to increase the government’s already-tight control on private bank account movements, Mexico’s new 2022 Income Law, promoted by the Secretariat of the Treasury (SAT), would require banks and other financial institutions to provide monthly reports, instead of the current annual reports, on all cash deposits received by account holders amounting to

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