How Will a Court Ruling Affect Bank Privacy in Mexico?

Tax attorney Eugenio Grageda was interviewed by Financial Services Advisor, a publication of The Dialogue, about a recent Mexican Supreme Court ruling that confirmed tax authorities could access account holders' banking information without a warrant. Mr. Grageda explained the main reasons behind the ruling and how it will affect citizens and businesses. He also talked about whether or not the ruling will change anything about the current practices of Mexican tax authorities as they pursue cases of tax fraud, evasion and money laundering.

"What raises concern is the fact that the constitutional obligation can be deemed as fulfilled by expressing such legal grounds to another authority as opposed to the individual– the actual owner of the constitutional right," he said.

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