Regulatory Alerts2022-03-11 | DOF 5645369Added · Updated
Decree Reforming the Title Five Denomination and Adding Chapter V to Title Five of the Credit Institutions Law
This decree amends the title of Title Five of the Credit Institutions Law to include the hearing guarantee for persons on the blocked persons list and adds Chapter V, Article 116 Bis 2. It establishes a procedure allowing individuals included in the blocked persons list to request a hearing before the Financial Intelligence Unit within five business days of notification, with a ten-day period to present evidence and arguments. The Unit must issue an administrative resolution within fifteen business days after the file is complete, and the Secretariat of Finance and Public Credit must update general provisions to align with this new procedure. The decree entered into force the day after its publication on March 11, 2022.
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