Overview
- The Asociación de Bancos de México outlined staged measures, with an initial group of banks onboarding an information‑exchange platform by December 30, 2025 and full operation starting July 1, 2026.
- From July 1, 2026, banks will verify identity for cash deposits or withdrawals of 140,000 pesos or more and require traceable references on deposits to concentrator accounts.
- For June 30, 2027, the ABM recommends that person‑to‑person international transfers occur only between account holders, extending the standard beyond corporate clients.
- Cash remittances would require official ID and at least one biometric, be capped at $350 per transaction and $900 per recipient per month, and apply equally to nonbank remittance handlers.
- BBVA said it will allow remittance transactions only for its account holders, seeking to move the remaining 5% of payouts into accounts to improve auditability.