Regulatory Alerts2024-08-28 | DOF 5737473Added
Resolution reforming, adding, and repealing various General Provisions under Article 115 of the Credit Institutions Law
The Secretariat of Finance and Public Credit amends the General Provisions under Article 115 of the Credit Institutions Law to establish simplified identification requirements for small and medium-sized enterprises and foreign individuals, including refugees and Mexican nationals repatriated, based on operational thresholds. The resolution updates risk assessment methodologies, mandates the collection of additional quantitative information by the National Banking and Securities Commission, and recognizes the consular enrollment as a valid identification document. It also modifies compliance manuals, automated systems, and training protocols to enhance the prevention of illicit resource operations and terrorist financing.
More like this from SHCP
SHCP published 15 documents in the last 30 days. We email you each new one the day it's published.