The Mexican government will no longer limit the monthly cash deposits of U.S. dollars that border businesses can make if the companies allow authorities to monitor their financial transactions and meet other requirements, the president announced Friday.
President Enrique Pena Nieto said the $14,000 monthly cash deposit limit set in 2010 by the previous administration to fight the laundering of drug money has hurt honest businesses.
Companies on Mexico's border with the United States won't be limited on cash deposits if they can show they have been established for at least three years, allow authorities to . . .
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