La importancia de la creación de un sistema financiero de Мéxico

CNBV

Author: Luis Martinez Quesada

The creation of the Mexican financial system took place during the last decade of the nineteenth and early twentieth centuries, when orders were established to regulate the various entities carrying out financial services in an unregulated so far.

With the publication of the General Law of Credit Institutions, predecessor of the Credit Institutions Act established that the monitoring of these institutions was the responsibility of the Ministry of Finance and Public Credit

At that time, the Ministry of Finance carried out the supervision of credit institutions by auditors appointed for each bank

Later, on November 3, 1889, was proposed to replace the auditors, which worked without responsibility, harmony, and coordination by a section of auditing within the SHCP to centralize the intervention and monitoring functions of banks

Auditing unit of the Ministry of Finance was responsible for the supervision of credit institutions until 1904, when it created an agency called the same Secretariat General Inspectorate of Credit Institutions and Insurance Companies.

This organization remained active until October 30, 1915, when he was created and Inspector Regulatory Commission on Credit Insitutions.

The Mission

Safeguard the stability and integrity of the Mexican financial system and promote efficiency and inclusive development for the benefit of society.

Vision

To be recognized nationally and internationally as a reliable and innovative financial authority

Prevention of Money Laundering and Terrorist Financing

• Verification of the issue, adoption and submission to the National Banking and Securities, a policy document containing identification and customer knowledge, and the criteria, measures and procedures required for its fulfillment.

•Verification that the policy of customer knowledge is based on the transactional risk level that they represent, that they are classified by their degree of risk and that at least there are two classifications of customers in terms of risk.

• Checking the transaction profile definition of customers and it allows them to identify unusual transactions possible.

• Verification of compliance with the obligation to submit to the Secretariat of Finance and Public Credit, through the National Banking and Securities relevant transaction reports, and internal unusual concern, on the official form and within the time applicable.

• Verifying Compliance Officer designation by the Communication and Control Committee or the Board of Directors, as appropriate, for compliance with the minimum requirements for appointment, from the definition of its functions and the existence of evidence of compliance there with.

• Checking the development of training and awareness programs for the personnel of the entity and issue certificates attesting to their participation in them.

•Verification of compliance with the policies and measures adopted by the institutions in the prevention of money laundering and terrorist financing, with respect to transactions in dollars in cash as well as the procedures used in the modus operandi for the purchase and sale of Exchange operations with customers and users.

• Ensuring that international transfers have sent and received the necessary information on the payer instructions tour, account number which they come or where resources are sent and name of the financial institution in order to identify the operational mechanics of customers.

• Verification that the entities have obtained from their counterparts, the documentation necessary to demonstrate compliance

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