Provisions applicable to Multiple Purpose Financial Institutions regarding the provision of financial services through new technologies.
Provisions applicable to Multiple Purpose Financial Institutions regarding the provision of financial services through new technologies. April 2019 / Banking and Finance On March 21, 2019, the General Provisions referred to in article 115 of the Credit Institutions Act, in relation to 87-d and95-bis of the General Law for Ancillary Organizations, applicable to the Multiple Purpose […]
Self-regulation Program, Anti-Money Laundering Law. April 23rd, 2019 / Banking and Finance On April 16, 2019, the General Provisions on Self-Regulation Programs were published in the Official Federal Gazette due to the performance of vulnerable activities. From July 2013 until December 31, 2018, the Tax Administration Service (“SAT”, in Spanish) may, prior authorization […]
Bello Gallardo Bonequi & García opens office in Queretaro on 2018. In response to Queretaro’s economic growth, Mexico City-based firm Bello Gallardo Bonequi & García (“BGBG”) has opened an office in Queretaro. The office will be led by Samuel Rivero and marks the inaugural opening of the firm in Queretaro and the Bajio area, one of […]
Analysis and Comparison of Collecting Rules Applicable to Financial and Commercial Entities. July 2018 / Finance and Banking. Rules Issued by Condusef Applicable to Financial Entities On October 7, 2014 the General Provisions applicable to Financial Entities on matters related to Collection Firms were published in the Federal Official Gazette. Thus, financial entities shall be […]
The Elections and Mass Media. TMT / Telecommunications Media y Technology On the first day of July of this year, elections for the President of the United Mexican States, eight governorships, the Head of Government of Mexico City, 500 representatives and 128 senators will be held, as well as elections for local Congresses and Municipal Presidencies […]
New tender for the 2500-2690 MHz Frequency Band. TMT / Telecommunications Media & Technology By means of Press Release No. 009/2018, issued on February 8, the Federal Telecommunications Institute published the approval of the Request for Proposal and Requirements of the Public Tender, for conceding the commercial use and development of 120MHz of the radio spectrum available […]
Net Neutrality Telecommunications, Media & Technology / By Marco Alejandro Alemán Alva In December 2017, the US Federal Communications Commission resolved to eliminate the protection that favored net neutrality. This decision was controversial, given that the Internet has become the biggest information and communication means not only in Mexico, but all around the world. Evidently, this issue […]
The Federal Telecommunications Institute published a new regulation applicable to mobile service providers.
The Federal Telecommunications Institute published a new regulation applicable to mobile service providers. Telecommunications, Media & Technology / By Bernardo Martínez y Víctor González On Wednesday January, 17, 2018, the “Resolution whereby the Plenary of the Federal Telecommunications Institute approved and issued the guidelines establishing quality indexes and parameters to be complied with by mobile service providers, and […]
System for Processing Authority Requests (SIARA) Banking and Finance / By Karina Estrada Junior Associate in the Corporative Law Department On November 21, 2017, the National Banking and Securities Commission (CNBV, in Spanish) informed that, on October 23, 2017, it incorporated 42 family courts of the Superior Court in Mexico City to the System for […]
Banking or Financial Secrecy. Banking and Finance / By Karina Estrada Junior Associate, Corporate Law Department On November 22, 2017, the First Chamber of the Supreme Court of Justice (SCJN) declared, by unanimous vote, that the possibility that, when trying to prove the commission of a crime, (i) Mexico’s Attorney General, or any empowered officer, […]
2018: El año de la Red Compartida Telecommunications, Media, and Technology / By Janeth Giordano Serna. Junior Associate – Telecommunications, Media, and Technology The beginning of 2018 brings with it new challenges and opportunities in telecommunications, among them, the start of one of the country’s most important telecommunications projects in the last few years: the […]
Criminal Liability of Legal Entities in Mexico and the Importance of Corporate Government in Companies
Criminal Liability of Legal Entities in Mexico and the Importance of Corporate Government in Companies. Banking and Finance Published November 10, 2017. I. National Code of Criminal Procedure (hereinafter, “NCCP”) and the Federal Criminal Code (hereinafter, “FCC”) As of March 5, 2014, the National Code of Criminal Procedure (hereinafter, “NCCP”) was published. The […]
Wolfsberg Group, International Chamber of Commerce, and Bankers’ Association for Finance and Trade Principles regarding Money Laundering Prevention
Wolfsberg Group, International Chamber of Commerce, and Bankers’ Association for Finance and Trade Principles regarding Money Laundering Prevention. Finance and Banking / Publicado el 30 de octubre de 2017. I. Introduction. Wolfsberg Group was incorporated in 1999, upon the association of eleven international banks, as well as the intervention of International Transparency, who mediated between European […]
MEMORANDUM ON THE FINTECH BILL I. INTRODUCTION From mid-year of 2016 and throughout the entire first semester of this year, the Mexican financial authorities -lead by the Ministry of the Treasury and Public Credit- have prepared a new law and accessory legislation intended to govern the incorporation, operation, functioning and registration of companies whose purpose […]
Guide for the secure deletion of personal data By Carlos J. Díaz Sobrino & Beatriz Jaramillo Jaramillo / Data Protection and Privacy / Published on December 21th, 2016. Do you know what to do with Personal Data once you are no longer entitled to store and/or keep such data? This is a common question among our clients, since compliance with […]
Outsourcing, a Vulnerable Activity By Miguel Gallardo Guerra and Marco A. López García / Compliance / Published on November 30th, 2016. This memorandum analyzes the legal opinion that was recently published by the Financial Intelligence Unit (“UIF”) on the Anti-Money Laundering portal of the Tax Administration Service (“SAT”) in which the Outsourcing activity was included as a […]
Penalties and Fines for the improper use of personal data. 2016 Fines. By BGBG Abogados Data Protection and Privacy Department. The year 2016 brought with it an update to the amounts to be paid per fine, as established in several laws, and based on the general minimum wage. This graphic shows the fines to be […]
On the Ministry of Finance’s Digital System for Corporate Publications (PMS, in Spanish) By BGBG, área de Corporate Law Department. Background information On June 13, 2014, the Ministry of the Economy published, in the Official Federal Gazette a series of substantial amendments to several commercial codes and laws. One of the most transcendent amendments […]
BGBG Abogados publishes its first “Report on Knowledge of and Compliance with Regulations on Data Protection”
BGBG Abogados publica su primer “Informe sobre Conocimiento y Cumplimiento de la Normativa de Protección de Datos Personales”.