In addition to registering, what are the obligations?
Registering and registering Vulnerable Activities in the Money Laundering Prevention Portal System (SPPLD) is the main obligation, but not the only one.
The aforementioned activities are only the object of identification to classify them as Vulnerable Activities, but when any related financial operation is carried out in the name and representation of a client, a notice must be submitted to the SAT.
The Treasury defines a financial operation as when an act or set of acts is carried out through a Financial Entity or using financial instruments, coins and banknotes, in national currency or foreign currencies and precious metals, directly or through the instruction of its clients or users.
Notices must be made no later than the 17th day of the immediately following month, depending on whether the operation was carried out. The notification must contain:
– General data of the person carrying out the Vulnerable Activity;
– General data of the client or user, and, where applicable, of the controlling beneficiary, and information about their activity or occupation;
– General description of the activity for which notice is given.
The SAT has templates located at the following link: https://sppld.sat.gob.mx/pld/interiores/servicios.html
In addition, it is required to provide reports in the Internet Money Laundering Prevention Portal System. The reports are made when the professional services provider has not carried out any operation related to the Vulnerable Activities in the name and representation of a client.
