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Mexico Enacts New Data Protection Regime

On March 20, 2025, the evening edition of the Federal Official Gazette published a decree (the "Decree") enacting the General Law on Transparency and Access to Public Information ("LGTAIP"), the General Law on the Protection...more

Mexico: New defense procedure against inclusion in Blocked Persons List

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

Mexico’s CNBV updates remote contracting 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

Regulatory update to remote onboarding procedures of various financial institutions

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

Mexican Government issues registration requirements to those who exchange and custody virtual assets

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

The Mexican Banking and Securities Commission issues new rules on remote account opening and provision of banking services

On October 12, 2020, the Resolution that reformed the General Rules applicable to Credit Institutions (the “Resolution”), issued by the Mexican Banking and Securities Commission (the “CNBV”), was enacted in the Federal...more

Draft regulation with provisional simplification of KYC measures for the banking sector in Mexico

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

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