Regulatory Alerts2021-09-09 | DOF 5629271Added · Updated
Resolution amending, adding to, and repealing various General Provisions under Articles 71 and 72 of the Law for Regulating the Activities of Savings and Loan Cooperative Societies
The Secretariat of Finance and Public Credit amends the General Provisions for Savings and Loan Cooperative Societies to expand non-presential client identification by requiring geolocation data from devices used for remote contracts and capital contributions. The resolution introduces new technological identification mechanisms, including digital verification of official IDs and live tests, while updating definitions for devices and geolocation. It also strengthens the Blocked Persons List by adding taxpayers associated with ghost companies to prevent illicit operations and terrorist financing.