25 years
of experience
We have obtained
20+ Awards
Time in Mexico

COMPLIANCE

About the area

The Compliance Department provides specialized legal advice on regulatory matters, anti-money laundering, anti-corruption, privacy, and personal data protection. It assists financial and non-financial institutions with the implementation, operation, and oversight of their regulatory obligations, as well as with interactions with authorities to obtain the permits, registrations, and authorizations necessary to operate in Mexico.

The team has extensive experience in designing compliance frameworks that align with current regulations and industry best practices, supporting clients in risk management and strengthening their internal controls.

Clients and industries

We advise commercial companies, banking and non-banking financial institutions, fintech companies (ITF), special-purpose financial companies (SOFOM), currency exchange centers, money transfer companies, and other businesses that, due to the nature of their activities, are subject to regulatory and compliance obligations in Mexico.

Main Services

Incorporation and Regulation of Entities

Legal counsel on the formation, authorization, and regulation of financial and non-financial entities, taking into account the applicable regulatory framework and the requirements necessary for their proper operation. This includes assistance with the processes of obtaining licenses, permits, and registrations from the relevant authorities.

Tracking of obligations and regulatory reports

Assistance with periodic regulatory compliance obligations, including the preparation, review, and filing of reports with financial and administrative authorities, with the aim of ensuring timely, accurate, and consistent compliance with applicable regulations.

Manuals, guidelines, and internal policies

Drafting, reviewing, and updating internal manuals, guidelines, and policies related to regulatory compliance, anti-money laundering, and anti-corruption, in accordance with current legislation and national and international standards.

Audits and Regulatory Reviews

Conducting regulatory and preventive audits to identify risks, contingencies, and areas for improvement, as well as providing support during inspections, verifications, or responses to requests from regulatory authorities.

Anti-corruption programs and the PLD

Design, implementation, and enhancement of anti-money laundering and anti-corruption programs, focused on identifying and mitigating risks, strengthening internal controls, and ensuring compliance with applicable legal provisions.

Compliance Officer and KYC

Advice on the appointment, duties, and responsibilities of the compliance officer, as well as on the implementation and operation of know-your-customer (KYC) programs, in accordance with current regulatory requirements.

Specialized training

Design and delivery of specialized training programs on regulatory compliance, anti-money laundering, and anti-corruption, tailored for management and operational teams, with a practical, up-to-date approach aligned with the specific needs of each organization.

Testimonials

Clients are quick to praise the firm, saying enthusiastically: “The service they provide is highly satisfactory. They understand the client’s needs and have a good sense of urgency.”

Chambers and Partners Latin America 2020 client feedback on the Banking & Finance Department

“The service is of a very high standard; they are very thorough and up-to-date on all matters, and the partners are always available and deliver on time.”

Chambers and Partners Latin America 2020 client feedback on the Compliance Department

At bgbg, we view compliance as a strategic element for the operation and sustainability of organizations. We support our clients with a preventive and practical approach, offering specialized legal advice that strengthens their internal structures, mitigates risks, and fosters a solid and transparent relationship with authorities, both in Mexico and in operations with an international component.

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