Regulatory Alerts2023-10-27 | Circular 9/2023Added · Updated
Circular 9/2023 — Cash Operations
The Bank of Mexico issues Circular 9/2023 to establish the regulatory framework for cash operations, including the storage, supply, exchange, delivery, withdrawal, reproduction, and destruction of banknotes and metallic coins among credit institutions. The document defines key terms, outlines obligations for users and correspondent institutions, and sets requirements for security, information exchange systems (SIBUC, SAM, AUDI), and the handling of suspected counterfeit or damaged currency. It also details the procedures for withdrawing banknotes and coins from circulation and establishes final provisions regarding sanctions and compliance.
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