On March 11, 2022, a reform to the Mexican Banking Law (Ley de Instituciones de Crédito) was published in the Federal Official Gazette (Diario Oficial de la Federación) in order to provide a new procedure for the defense of...more
3/15/2022
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Banking Sector ,
Blocked Person ,
Broker-Dealer ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Insurance Industry ,
Mexico ,
Money Laundering ,
New Regulations ,
Terrorist Financing
On Thursday, September 9, the resolutions that reform, add and repeal the general rules on the prevention and identification of operations with resources of illicit origin applicable to financial cooperative associations...more
10/12/2021
/ Brokers ,
Client Identification Rule ,
Enforcement ,
FATF ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Investment Adviser ,
Lenders ,
Mexico ,
Regulatory Agenda ,
Threshold Requirements
On Thursday, September 9, the resolutions that reform, add and repeal the general rules on the prevention and identification of operations with resources of illicit origin applicable to financial cooperative associations...more
10/6/2021
/ Brokers ,
Client Identification Rule ,
Credit Applicants ,
Enforcement ,
FATF ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Investment Adviser ,
Lenders ,
Mexico ,
Regulatory Agenda ,
Threshold Requirements
On Monday, August 23, the General Guidelines on Liquidity Requirements for Banking Institutions issued jointly by the National Banking and Securities Commission (the “Commission”) and Mexico’s Central Bank, Banco de México,...more
On January 28, 2021, the Mexican Central Bank and the National Banking and Securities Commission ("CNBV"), published in the Federal Official Gazette the "General regulations applicable to e-money Institutions pursuant to...more
On December 4, 2020, the Mexican National Banking and Securities Commission (the “CNBV”) issued through its website two notices informing the general public of the following:
I. Notice to the general public regarding...more
On November 30, 2020, the Mexican Ministry of Finance ("SHCP") issued the list of requirements for registration of the persons and entities that offer, on a professional basis, the exchange and custody of virtual assets with...more
On September 30, 2020, the Mexican Central Bank (Banxico) published in the Federal Official Gazette Regulation 36/2020 addressed to securities issuers and Securities Depository Institutions, governing the electronic issuance...more
On June 30, 2020, the Mexican Central Bank (Banxico or Central Bank) issued a press release announcing the amendments to be made to Rules 20/20201 and 25/20202, which shortly will be published in the Federal Official Gazette....more
8/6/2020
/ Amended Rules ,
Banking Sector ,
Coronavirus/COVID-19 ,
Credit ,
Financial Institutions ,
Mexico ,
Mexico Central Bank ,
Micro Entity Status ,
Midsize Businesses ,
Relief Measures ,
Secured Debt ,
Small Business
On Sunday June 21, 2020, the Mexican Banking and Securities Commission ("CNBV") ?in charge of the anti-money laundering and counter-financing of terrorism ("AML/CFT") supervision of the banking sector in Mexico? communicated...more
Under Article 76 of the Law regulating the Financial Technology Institutions ("Fintech Law") financial institutions, money transmitters, credit reporting companies, clearing houses, financial technology institutions and...more
On June 2, 2020, the following Rules, related to the provisional measures taken due to the COVID-19 pandemic, were published in the Federal Official Gazette:
A. Rule 20/2020, addressed to multiple banking and development...more
On June 2, 2020, the following Rule, related to repurchase agreements, was published in the Federal Official Gazette:
Rule 19/2020. This Rule is addressed to credit institutions, broker dealers, mutual funds, specialized...more
In response to the requests made by representatives of different financial entities regulated and supervised by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores or “CNBV”), the authority...more