Success Stories
The attorneys at the law firm Dra. Angélica Ortiz y Socios have extensive experience and expertise in preventing money laundering. This experience has benefited clients by preventing, reducing, and combating countless fines amounting to millions of dollars sought or imposed by the SAT.
We believe that the best advertisement for a law firm is successfully resolving the cases entrusted to it by its clients. Below are some of our success stories, including the conclusion of verification visits without observations and the nullification of fines and fines imposed in compliance with the Federal Law for the Prevention and Identification of Operations with Illicit Resources.
1.
1. We successfully appealed a fine of over 20 million pesos that was imposed for alleged violations of the obligation to publish the Compliance Manual on the Prevention of Operations with Illicit Resources, for failing to integrate payments, and for failing to file notices in accordance with legal requirements.
2.
We obtained a favorable ruling declaring the nullity of a fine of more than nine million pesos. The fine was imposed for allegedly sending notices outside of the legally established deadlines and for improperly integrating unique identification files and records of beneficial owner.
3.
We obtained the annulment of a fine of nearly six million pesos that was imposed for the following alleged breaches of obligations: failing to send timely notices; incorrectly compiling unique identification files of customers or users; and failing to request information on the existence of the beneficial owner.
4.
One of our clients was fined nearly six million pesos for allegedly failing to identify customers or users, integrate payments, and send notices. After representing them in court, we reduced the penalty by nullifying the fines of 1,128,400 pesos and 4,836,000 pesos, resulting in a 91% reduction. Ultimately, our client only paid a little over five hundred thousand pesos.
5.
Thanks to our attention to detail, support, and preparation of documents, we were able to complete the "Verification Visit Procedure" with no observations regarding identification files, payment integrations, or notices for the period from January to December 2020.
