BGBG
BGBG
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 …
FINANCE AND BANKING / by Miguel Gallardo Guerra On October 30, 2025, the National Banking and Securities Commission (CNBV) published on its official website the draft “General Provisions Applicable to Payment Networks”, currently under public consultation. This project, developed in coordination with the Bank of Mexico (Banxico), seeks to transform the regulation of the card …
FINANCE AND BANKING / by Miguel Gallardo Guerra Artificial intelligence is rapidly transforming how financial institutions manage operations, risks, and compliance processes. From systems that detect suspicious transactions in real time to decision engines for credit scoring, AI is becoming a strategic tool in regulatory compliance. However, its use raises questions that go beyond technology …
FINANCE AND BANKING / by Miguel Gallardo Guerra The emergence of blockchain technology has introduced new legal concepts that challenge traditional structures. One of the most discussed is the smart contract, an agreement that self-executes when predefined conditions are met. In theory, a smart contract removes the need for intermediaries, reduces transaction costs, and improves …
FINANCE AND BANKING / by Miguel Gallardo Guerra Since the enactment of the Law to Regulate Financial Technology Institutions, published in the Federal Official Gazette on March 9, 2018 (the “Fintech Law”) in Mexico, the so-called Innovative Model, through which financial services may be provided using technological tools or means, under modalities different from those …
FINANCE AND BANKING / by Miguel Gallardo Guerra The implementation of electronic Know Your Customer (e-KYC) processes has revolutionized how financial institutions onboard their users. Thanks to biometric technologies, such as facial recognition or fingerprint validation, verifying a customer’s identity now takes just seconds, without needing to visit a physical branch. This efficiency, however, must …
FINANCE AND BANKING / by Miguel Gallardo Guerra The adoption of technology in compliance processes is no longer optional for financial institutions — it’s a strategic necessity. In a fast-evolving regulatory landscape, where authorities demand traceability, immediacy, and transparency, automation has become essential to ensure effective and efficient compliance. From our experience at bgbg firm, …
FINANCE AND BANKING / by Miguel Gallardo Guerra The digital acceleration of the financial sector has radically transformed regulatory compliance. What used to be a primarily paper-based and reactive process now demands immediate, traceable, and automated responses. In this context, compliance is no longer just a regulatory requirement: it is a competitive advantage. Mexican authorities …
FINANCE AND BANKING / by Miguel Gallardo Guerra Law firm management is a fundamental aspect of ensuring operational efficiency, sustainable growth, and competitiveness in an increasingly dynamic legal environment. Beyond technical excellence in legal practice, firms must adopt management strategies that enable them to optimize resources, attract talent, and provide high-quality services to their clients. …
FINANCE AND BANKING / by Miguel Gallardo Guerra Anti-Money Laundering (AML) is a fundamental pillar in the regulation of the global financial sector. With the rise of digitalization and alternative financial services, authorities have strengthened controls to prevent financial systems from being used for illicit activities, such as terrorist financing and money laundering. Importance of …
FINANCE AND BANKING / by Miguel Gallardo Guerra New vulnerable activities. Receipt of funds for Real Estate Development. The receipt of resources destined to carry out a Real Estate Development whose purpose is its sale or rental. Transfer of ownership or guaranty trusts (notaries). The constitution or modification of property transfer or guaranty trusts, regardless …
