Regulatory Alerts2020-04-07 | Circular 8/2020Added
Circular 8/2020 — Provisional Measures for Cash Operations and Cash Correspondents Related to the COVID-19 Pandemic
The Bank of Mexico suspends the initiation of administrative sanction procedures for credit institutions regarding failures to deliver suspected counterfeit pieces within twenty banking days and failures to register verification results in the Currency Authentication System (SAM) within five banking days, covering the period from March 19, 2020, to April 30, 2020. The deadline for credit institutions to submit information on Value Transport Companies to the Bank of Mexico is extended to May 31, 2020. Additionally, cash correspondent operations with users are restricted to Tuesdays and Thursdays until further notice.
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