The measure that asks bank clients to activate their geolocation every time they carry out a banking operation was extended to clients of brokerage houses and investment funds.
The National Banking and Securities Commission CNBV) reported this Tuesday in a statement that customers of these financial services will activate their location as of July 23 of this year.
Exchange houses, Sofipos, Sofomes, banks, credit companies, popular financial companies and investment advisers already have to adopt this measure.
“The requirement to obtain the geolocation of the devices is intended to have a customer risk indicator that allows financial institutions to obtain information on the geographical area when executing non-face-to-face operations that are carried out on devices that the client has in his possession and whose location is unknown, “the CNBV said in a statement.
The financial services regulator stressed that it will verify that financial institutions comply with said measure and that they adhere to all obligations regarding the prevention of money laundering and terrorist financing.
In case they fail to comply with the measure, they will be entitled to a sanction, the agency said.
The request for the location is derived from the international commitments adopted by Mexico as a member of the Financial Action Task Force (FATF).
“Each modification to the Provisions seeks to adapt to the international standards that said body has implemented to combat money laundering and terrorist financing, and which have been recognized by various countries, as well as by international organizations such as the World Bank and the Fund. International Monetary, “added the CNBV.
