Regulatory Alerts2023-01-19 | DOF 5677394Added
Resolution amending and adding the General Provisions applicable to Currency Exchanges under Article 81-A of the General Law of Credit Organizations and Auxiliary Activities
This Resolution amends and adds specific articles within the General Provisions applicable to Currency Exchanges to strengthen risk-based supervision and anti-money laundering frameworks. It mandates the collection of quantitative operational data from Currency Exchanges annually, requires senior management approval for high-risk user transactions, and establishes rules for interim Compliance Officers. Additionally, it expands the Blocked Persons List to include taxpayers identified under Article 69-B of the Federal Tax Code and updates valid identification documents and compliance manual requirements.
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