Regulatory Alerts2017-03-23 | DOF 5477324Added
Resolution amending, adding, and repealing various general provisions under Article 91 of the Investment Funds Law
This resolution amends, adds, and repeals general provisions under Article 91 of the Investment Funds Law to implement a Risk-Based Approach for anti-money laundering and counter-terrorist financing compliance by investment fund operating companies and fund share distributors. It introduces new definitions for risk grade and mitigants, mandates the identification of beneficial owners and corporate structures for legal persons, and updates thresholds for relevant operations to seven thousand five hundred US dollars. The text also establishes a chapter on risk-based methodology, provisions for interim compliance officers, and rules for information exchange within financial groups.