April 22, 2026
Foley Viewpoints
Mexican Supreme Court Validates the Blocking of Bank Accounts
On April 6, 2026, the Mexican Supreme Court (“SCJN”), when ruling on the constitutional challenge (acción de inconstitucionalidad) 58/2022, recognized the constitutionality of Article 116 Bis 2 of the Credit Institutions Law (“LIC”), validating the blocking of bank accounts by the Mexican Ministry of the Treasury, through its Financial Intelligence Unit (“UIF”), based on the “Blocked Persons List” when there is sufficient evidence to believe that these persons are involved in crimes of (i) terrorist financing, (ii) operations with illicit funds, or (iii) related offenses. This precedent is of particular relevance for anyone who maintains bank accounts or performs transactions through the Mexican Financial System.