NewsCase StudiesEvents

“ ”

Vulnerable activities for tax purposes

Also in the news...

New plans revealed to save small firms £22,000 a year and improve access to cash

New Fair Payments and Disability Finance Codes launched to support SMEs

UK support to Ukraine: factsheet

This factsheet summarises how the UK is supporting Ukraine following the Russian invasion.

Avoiding Scheduling Conflicts: Tips for Better Leave Coordination

Effective leave coordination is essential for any workplace. Balancing staff time off with operational needs ensures businesses run smoothly while employees enjoy their well-deserved breaks. However, without proper planning, scheduling conflicts can lead to disruption, reduced productivity, and even strained relationships among colleagues.

Compensation if you're a victim of crime abroad

You may be able to apply for compensation if you’re a UK resident and have been injured because of a violent crime in another country.

Iceland Foreign travel advice

Warnings and insurance Still current at: 21 November 2024 Updated: 21 November 2024 Latest update: Updated information on driving conditions and extreme weather ('Safety and security' page).

> Ask me a question

Vulnerable activities for tax purposes

Back to News

In accordance with Recommendation 22 of the Financial Action (FATF), Activities and Designated Non-Financial Professions (DNFBPs), they also have to develop certain Actions to prevent and combat Money laundering and terrorist financing.

 

In Mexico, DNFBPs are known as Vulnerable Activities (VA) regulated by the Law Federal Agency for the Prevention and Identification of Operations with Resources of Illicit Origin (LFPIORPI) and can be defined as those which by their nature and characteristics are likely to be used by its customers or users to carry out acts or operations with resources of illicit origin

Those who carry out Vulnerable Activities have to inform to the Ministry of Finance and Public Credit (IRS) on the operations that its clients or users carry out for an amount greater than that established in the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin.

ACTIVITY

AMOUNT MX$


Betting games, contests and sweepstakes

$66,912.30

Credit or service cards

$133,305.90

Prepaid cards

$66,912.30

Vouchers, coupons, e-wallets or certificates

$66,912.30

Traveler's checks

$66,912.30

Loans or credits, secured or unsecured

$166,502.70

Services of construction, development, intermediation or commercialization of real estate

$832,513.50

Marketing of precious stones and metals, jewellery and watches

$166,502.70

Auction and commercialization of works of art

$499,508.10

Distribution and marketing of all types of vehicles (land, sea, air)

$666,010.80

Armor services (vehicles and real estate)

$499,508.10

Transfer and custody of money or securities

$333,005.40

Personal rights of use real estate

$333,005.40

Receiving donations from non-profit organizations

$333,005.40

Virtual Asset Trading

$66,912.30

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.