October 18, 2018
Annual Audit Report on AML/CFT 2018
Annual Audit Report on Anti-Money Laundering / Combating the Financing of Terrorism (AML/CFT) for the 2018 fiscal year. As part of the obligations to be complied by Mexican financial entities, such entities need to submit before the Ministry of Finance (SHCP), the Audit Report evaluating and assessing their level of compliance with their obligations on […]
October 16, 2018
Equity requirements for Fintech
The provisions published on September 10th, in the Mexican Official Gazette (the “Provisions”) mention the minimum equity requirements a fintech must comply with, depending on the activities they intend to carry out, pursuant to the following: Collective Financing Institutions Electronic Payment Funds Institutions One type of Operation according to the following: Collective Financing Institutions: debt, […]
September 25, 2018
Fernando-Pérez correa is appointed as conciliator in the insolvency proceeding of the company perforadora Oro Negro, S. de R.L. de C.V.
— September 25th, 2018 — On September 19, 2018, the Instituto Federal de Especialistas en Concursos Mercantiles (IFECOM) appointed Mr. Fernando Pérez Correa as conciliator in the insolvency and restructuring proceeding filed by Perforadora Oro Negro, S. de R.L. de C.V. and its holding Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. Both corporations were […]
September 18, 2018
Requirements to operate as Fintech
People who desire to carry out crowdfunding or services related to electronic payment funds through internet must request an authorization from the National Banking and Securities Commission. In accordance with the Financial Technology Institutions Law (“Fintech Law”), fintech companies must comply with a series of standards in order to operate as a fintech institution, among […]
September 17, 2018
Carlos del Razo, associate at SOLCARGO, appointed as AIJA’s new National Representative to Mexico.
Mexico has a new National Representative to AIJA. AIJA (International Association of Young Lawyers) currently has 4,000 members and supporters in 90 different countries, including over 60 collective members and Bar Associations. The AIJA community is very diverse, as members come from law firms of all sizes and cultures, comprising an extensive net accessible to […]