Regulatory Alerts2018-08-29 | DOF 5536237Added
Resolution modifying the general provisions applicable to credit institutions
The National Banking and Securities Commission modifies general provisions for credit institutions to allow remote verification of the Unique Population Registry Key and exempt certain entities from specific identity verification actions. It mandates that fingerprint capture for biometric data must include at least six fingerprints per client and establishes technical security requirements for biometric data storage. Credit institutions must submit a work plan by December 14, 2018, to verify biometric identity by March 31, 2020, or comply with specific articles by January 1, 2019. Additionally, institutions must assume liability for claims resulting from third-party impersonation within twenty days of presentation.