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FINANCE AND BANKING / by Miguel Gallardo Guerra 2026 will mark a new stage in the relationship between regulation and technology. Companies that adopt a strategic approach to compliance will be better positioned to grow, invest, and expand. 1. Regulation as a Business Design Element. Authorities increasingly expect regulation to be embedded into business planning …
Legal translation in regulated sectors. In the financial and fintech sector, legal translation in Mexico is not a secondary matter. It is directly linked to regulatory compliance, supervisory oversight, and legal risk management. Financial institutions and fintech companies operate with documentation that must be reviewed by authorities, investors, and auditors, which requires the highest level …
FINANCE AND BANKING / by Miguel Gallardo Guerra In the area of Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT), one of the aspects most frequently reviewed by supervisory authorities is the overall consistency of the automated system or the AML/CFT framework. It is not enough to have formally approved manuals, documented methodologies, and well-drafted policies. Authorities …
FINANCE AND BANKING / by Miguel Gallardo Guerra The annual audit in Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) matters does not end with the issuance of the Audit Report. On the contrary, one of the most relevant elements from a regulatory standpoint is the effective follow-up on the findings and recommendations identified, as well as …
FINANCE AND BANKING / by Miguel Gallardo Guerra In practice, one of the most significant compliance mistakes is assuming that findings identified in Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) audits are incidental or minor. Experience shows, however, that certain deficiencies recur frequently and, when not addressed in a timely manner, can escalate into material regulatory …
Legal translation in international transactions Cross-border transactions involve multiple jurisdictions, different legal systems, and documents that must be correctly understood by all parties involved. In this context, legal translation in international transactions becomes a critical element for the viability and legal certainty of the deal. One of the most frequent mistakes is assuming that a literal …
FINANCE AND BANKING / by Miguel Gallardo Guerra The year 2026 is shaping up to be a period of regulatory consolidation in Mexico. After several years of reforms, administrative criteria, and operational adjustments, authorities are moving toward a more technology-driven, preventive, and risk-based model, particularly in the financial, fintech, technology, and digital services sectors. This …
FINANCE AND BANKING / by Miguel Gallardo Guerra The risk-based approach (RBA) is one of the fundamental pillars of the anti-money laundering and counter-terrorist financing system. As a result, it is also a core element of the AML/CFT audit and of the content of the Audit Report. The Guidelines provide that the auditor must support …
FINANCE AND BANKING / by Miguel Gallardo Guerra One of the elements that most frequently weakens an AML/CFT Audit Report is not the absence of policies or controls, but rather poor audit planning and an insufficient or overly generic work program. The Guidelines for the preparation of the Audit Report provide that the audit must …
Legal Translation in Mexico: More Than a Linguistic Exercise In an increasingly globalized business environment, legal translation in Mexico has become a key element in the proper management of legal risks. Nevertheless, many companies continue to treat it as a purely linguistic exercise, when in fact it is a legal activity with a direct impact …
FINANCE AND BANKING / by Miguel Gallardo Guerra A major error in compliance is assuming that the AML/CFT Audit Report is a flexible or free-format document. In reality, the Guidelines for preparing the Audit Report clearly specify its contents, structure, and the expected level of technical support. An incomplete, generic, or poorly structured report significantly …
FINANCE AND BANKING / by Miguel Gallardo Guerra In practice, it is common for financial institutions to confuse Anti-money Laundering and Countering the Financing of Terrorism (AML/CFT) auditing with supervision by the authority. Although both are related to regulatory compliance, they are not equivalent. They fulfill different functions and generate different consequences. Understanding this distinction …
FINANCE AND BANKING / by Miguel Gallardo Guerra The annual audit on Prevention of Money Laundering and Terrorist Financing (PLD/FT) constitutes an express regulatory obligation for financial entities subject to supervision by the Comisión Nacional Bancaria y de Valores. Pursuant to the applicable Guidelines governing the audit report, such report must be submitted within 60 …
FINANCE AND BANKING / by Miguel Gallardo Guerra As the financial landscape becomes more digital, regulatory compliance is evolving rapidly. It’s not just about adapting to new technologies, it’s about anticipating them. Looking ahead to 2026, here are some of the key trends shaping the future of legal compliance in Mexico and beyond: 1. Algorithmic …
FINANCE AND BANKING / by Miguel Gallardo Guerra The insurance sector has historically been one of the most conservative in adopting new technologies. However, in recent years, digitalization has significantly changed how insurers operate, issue policies, and interact with customers. One of the most notable advances has been the introduction of electronic signatures in the …
