Regulatory Alerts2023-01-20 | DOF 5677497Added
Resolution amending, adding to, and repealing the General Provisions referred to in Article 129 of the Credit Unions Law
The resolution amends, adds, and repeals general provisions governing credit unions to update non-presidential identification regimes and strengthen anti-money laundering and counter-terrorist financing frameworks. It introduces new definitions for devices and geolocation, mandates the collection of geolocation data for non-presidential contracts with Mexican nationals, and expands the list of valid identification documents. Additionally, it establishes technological identification mechanisms, updates compliance officer requirements, and adds provisions regarding blocked persons lists to address shell company risks.