Government launches Self-Regulation program of Anti-laundering Law, for the real estate sector


On June 21 will come into force the rules of the program of Auto Regularization of the Anti-laundering Law, published on April 16 in the Official Gazette of the Federation (DOF) by the Tax Administration Service (SAT). These rules apply among other branches for marketing, leasing and real estate development, activities that were identified as vulnerable.

According to the DOF, taxpayers could cancel their absences if they self-correct and comply with the Federal Law for the Prevention and Identification of Operations with Illegal Sources of Remedy (LFPIORPI), known as Anti-laundering Law, in the period from July 1, 2013 to December 31, 2018. 

Compliance may seem simple; however, in agreement with the general director of Consultancy in Vulnerable Activities, Alejandro Ponce Rivera and Chávez, ” eight out of ten obligated subjects do not do it in time and form due to three main factors: due to ignorance of the law, because they ignore the correct process of file formation and sending notices, and because they do not have human and technological resources for it “.

These deficiencies are not exclusive to small and medium-sized companies, they also occur in large corporations, even though they have a structure and resources that could be sufficient for compliance. According to the specialist, the most advisable thing is to seek specialized advice to choose the most convenient option, since if the law is not obeyed, the economic sanctions range from $ 844,900 pesos to more than $ 5,000,000 pesos, with imprisonment if the information is falsified.

Source: inmobiliare

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