Regulatory Alerts2019-11-01 | DOF 5577574Added
General Provisions for the Certification of Independent External Auditors, Compliance Officers and Other Professionals in the Prevention of Money Laundering and Terrorism Financing
The National Banking and Securities Commission establishes the requirements and procedures for certifying independent external auditors, compliance officers, and other professionals to verify compliance with financial laws regarding money laundering and terrorism financing. The document outlines a six-stage certification process including public calls, registration, application, document verification, evaluation, and issuance, with certificates valid for five years. It abolishes the previous regulations from 2014 and their modifications, eliminates the requirement for training for certificate renewal, and removes the certification of legal entities to avoid double regulation. The Commission is authorized to use third-party public or private entities to assist in the certification process and may issue certificates to individuals who participated in the evaluation's development, provided they meet the eligibility criteria.