Overview
- Starting July 1, 2026, cash deposits or withdrawals of 140,000 pesos or more will require an official ID and at least one biometric, and deposits into concentrated accounts must include traceable references.
- International transfers will be restricted to account holders only, effective immediately for legal entities and from June 30, 2027 for individuals, under the Asociación de Bancos de México’s voluntary package.
- For cash remittances, the ABM recommends ID plus a biometric and proposes caps of $350 per transfer and $900 per recipient per month, with similar rules suggested for non‑bank remittance firms.
- A sectorwide information‑exchange platform will onboard initial banks by December 30, 2025 and be fully operational by July 2026, supported by periodic PLD typology reports and regular coordination with the UIF.
- BBVA México said it will stop paying remittances to recipients without bank accounts—about 5% of its flows—to ensure full traceability, following U.S. Treasury actions that led to CNBV fines exceeding 185 million pesos for CIBanco, Intercam and Vector.