Regulatory Alerts2017-12-27 | DOF 5509090Added
General Guidelines for Information Exchange Between Credit Institutions via the Bank of Mexico's Technological Platform for National Foreign Currency and International Fund Transfers
These guidelines establish the procedures, formats, terms, and security measures for credit institutions to exchange information on national foreign currency and international fund transfers through the Bank of Mexico's technological platform. Institutions must obtain client consent, sign a confidentiality contract, and demonstrate compliance with strict IT security, operational risk management, and internal control requirements before accessing the Transfer Database. Authorized entities are required to maintain robust security infrastructure, conduct regular penetration testing, and restrict data access to personnel with a legitimate need for compliance and anti-money laundering purposes.