Regulatory Alerts2017-12-27 | DOF 5509088Added
Resolution amending the General Provisions referred to in Article 115 of the Credit Institutions Law
This Resolution amends the General Provisions under Article 115 of the Credit Institutions Law to permit credit institutions to conduct personal interviews via videoconference for account opening and to regulate the sharing of client information through technological platforms. It establishes that such information exchange requires client consent, which may be tacit, and mandates that institutions obtain this consent to consult and retain data on platforms managed by the National Banking and Securities Commission. Credit institutions are required to report international fund transfer information in two stages: reporting outgoing transfers within ten business days of the first set of guidelines, and reporting incoming transfers and own-account operations by November 30, 2018. These measures aim to strengthen anti-money laundering and counter-terrorist financing frameworks while ensuring data protection compliance.
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