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Banking and Finance

Obligations applicable to Compliance Officers of SOFOM ENR in Anti-Money Laundering matters

Banking and Finance Law/Published on April 16, 2018. The regulations in Anti-Money Laundering and Terrorism Financing matters in Mexico set forth some obligations by which the Compliance Officers providing services to financial entities are bounded. In the particular case of Multiple Purpose Financial Institutions, Non-Regulated Entities (hereinafter, the “Entity”), such obligations are established in provision …

How to incorporate an insurance and bonding entity (intermediary)

By Javier Pérez Moreno / Financial and Banking What is an insurance and bonding entity? An insurance and bonding entity is an individual or a legal entity duly authorized by the To carry out commercial activities consisting of exchanging proposals and their acceptance, marketing, and advice for the execution of insurance or bonding agreements, …

Leaders League 2020 – Banking & Finance – Highly Recommended Firm

BGBG Abogados was recognized as a HIGHLY RECOMMENDED FIRM in Mexico in the practice of BANKING & FINANCE with Miguel Gallardo as Partner, Head of Banking and Finance.

Leaders League 2022

2 de noviembre 2021 / Reconocimientos BGBG law firm was recognized by Leaders League 2022 in Mexico in 12 rankings. Leaders League 2022 Rankings in Mexico Excellent Banking & finance – Fintech Ranking 2022 – Law firm Mexico Highly recommended Banking & finance Ranking 2022 – Law firm Mexico Recommended Mergers & …

The Legal 500 Latin America 2022 edition Top Tier Firm

Bello, Gallardo, Bonequi y García, S.C. has been recommended as a TOP-TIER FIRM in 2 practice areas and has been recommended in 7 practice areas in The Legal 500 Latin America 2022 edition. TOP TIER FIRM Practice Areas ►Mexico > Compliance ►Mexico > TMT LEADING FIRM Practice Areas ►Mexico > Banking …

Chambers Latin America 2022 Top Ranked

BGBG law firm and its lawyers Carlos Bello, Miguel Gallardo and Carlos Díaz were ranked by Chambers & Partners Latin America: BGBG’s Rankings in Chambers Latin America 2022 Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from …

Latin Lawyer 250 – 2021

30 de septiembre 2021 / Reconocimientos BGBG law firm was recognized as Latin Lawyer 250 Recommended Firm 2021 Mexico Featured work areas and key partners Banking and finance Miguel Gallardo Guerra Corporate and M&A Federico de Palacio Ruiz Cabañas, Juan Carlos Morales de Teresa Telecoms & media Carlos Bello Hernández The Latin Lawyer 250 is the …

Provisional Measures in minimum payment amount matters applicable to credits, loans, or revolving financings associated with credit cards, in connection with COVID-19 Pandemic

June 10, 2020 / Banking and Finance Law CIRCULAR 22/2020 – Amendment to the exception made by the Card Provisions established in Circular 13/2020 regarding provisional measures in matters of minimum payment amounts applicable to credits, loans, or revolving financings associated with credit cards, in connection with COVID-19 pandemic.[1] On June 2, provisional measures …

Warning and monitoring scenarios for the prevention and identification of Transactions with Illegally-Obtained Funds and Terrorism Financing

June 7, 2020 / Financial and Banking Law / By Daniela Alejandra Lobato On May 15, the National Banking and Securities Commission, together with the Financial Intelligence Unit of the Ministry of Finance and Public Credit, issued the “Guide for the implementation of warning and monitoring scenarios for the prevention and identification of Transactions …

Rules applicable to repurchase transactions of government securities with Banco de México to cover liquidity needs

June 8, 2020 / Banking and Finance Law Circular 17/2020 – addressed to Multiple Banking and Development Banking Institutions, regarding the Rules applicable to repurchase transactions of government securities with Banco de México to cover liquidity needs. Due to the circumstances derived from COVID-19 pandemic, a new provisional measure adopted by Banco de México …

Provisional exemptions due to COVID-19 pandemic

Circular 21/2020– Amendments to Circular 12/2020 regarding provisional exemptions due to COVID-19 pandemic. [1] June 10, 2020 / COVID-19 /Banking and Finance Law On June 2, provisional measures taken by Banco de México (hereinafter, “Banxico”) were published in the Federal Official Gazette (FOG) due to the circumstances derived from COVID-19 pandemic. These measures are focused …

The National Banking and Securities Commission (CNBV) issued measures to extend the procedural time limit of the suspension of procedural deadlines to June 30, 2020

May 29, 2020 / COVID-19 / Banking and Finance Law Due to the COVID-19 illness, the National Banking and Securities Commission (CNBV) reissued measures to extend the procedural time limit of suspension of procedural deadlines until June 30, 2020. This extension applies to hearings, formalities, and procedures that are being carried out and those …

Rules applicable to securities lending transactions with Banco de México to enhance liquidity

Circular 16/2020 – Rules applicable to securities lending transactions with Banco de México to enhance liquidity. June 8, 2020 / COVID-19 /Banking and Finance Law Due to the circumstances derived from COVID-19 pandemic, a new provisional measure adopted by Banco de México (hereinafter, “Banxico”) was published in the Federal Official Gazette (FOG) on May …

Rules applicable to the financing granted by Banco de México to cover ordinary additional liquidity needs

Update – Circular 15/2020 – Amendments to Circular 10/2015 (Rules applicable to the financing granted by Banco de México to cover ordinary additional liquidity needs) June 8, 2020 / COVID-19 / Financial and Banking Law Since April 9, the Federal Official Gazette (FOG) has published various provisional measures adopted by Banco de México (hereinafter, “Banxico”) …

Temporary regulatory facilities for Insurance Institutions due to COVID-19 contingency

May 19, 2020 / COVID-19 / Insurances On March 26, 2020, the National Insurance and Bonding Commission (hereinafter, the “CNSF”) together with the Mexican Association of Institutions of Insurance (hereinafter, the “AMIS”) issued communication No. 030 through which it was agreed to ensure the attention to the policyholders, as well as the protection to the …

Innovation and Supervision: The New Regulatory Framework for Payment Networks in Mexico

FINANCE AND BANKING / by Miguel Gallardo Guerra On October 30, 2025, the National Banking and Securities Commission (CNBV) published on its …

Artificial Intelligence and Compliance: The New Ethical Dilemma in the Financial Sector.

FINANCE AND BANKING / by Miguel Gallardo Guerra Artificial intelligence is rapidly transforming how financial institutions manage operations, …

Smart Contracts in the Mexican Legal System: Opportunities and Limits.

FINANCE AND BANKING / by Miguel Gallardo Guerra The emergence of blockchain technology has introduced new legal concepts that challenge traditional …

Fintech and Sandbox: Is It Truly Useful for Innovation?

FINANCE AND BANKING / by Miguel Gallardo Guerra Since the enactment of the Law to Regulate Financial Technology Institutions, published in the …

e-KYC and Biometrics: Legal Risks and Best Practices

FINANCE AND BANKING / by Miguel Gallardo Guerra The implementation of electronic Know Your Customer (e-KYC) processes has revolutionized how …