Regulatory Alerts2021-09-09 | DOF 5629269Added · Updated
Resolution reforming, adding, and repealing various General Provisions under Article 124 of the Savings and Popular Credit Law
The resolution amends the General Provisions under Article 124 of the Savings and Popular Credit Law to expand non-presidential identification mechanisms for popular financial societies, community financial societies with operation levels I to IV, and rural financial integration organisms. It mandates the collection of device geolocation and digital copies of identification documents for remote account opening, while introducing new definitions for technological identification mechanisms and interim compliance officers. The changes also strengthen the Blocked Persons List by including taxpayers subject to specific tax code provisions to prevent illicit operations and terrorism financing.