Access to Domestic Law Enforcement
We commit to promote that law enforcement agencies at the national/federal level, have full and effective access to beneficial ownership information for companies and other legal entities registered within their jurisdiction.
Country: Mexico
Status: ongoing
Themes: Beneficial ownership
Last updated: December 2020
Classification:
Concrete: Somewhat Concrete | New: Other | Ambitious: Other
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12 Evidence:
G20 Leaders or laggards? Reviewing G20 promises on ending anonymous companies- Spotlight on Mexico
SFP participates in international seminar on final beneficiary
Funcion Publica 2018-2019 Work Report
The Secretariat of the Public Service, Dr. Sister Eréndira Sandoval Ballesteros, with the historical Memorandum of Understanding with the United Kingdom of Great Britain and Northern Ireland to reinforce collaboration on the fight against corruption.
Declaration of national commitment to meet the Beneficial Ownership Transparency Disclosure Principles
Mexico seeks to join the Beneficial Ownership Leadership Group
Statement of partnership between Mexico and UK on company beneficial ownership
4th NATIONAL ACTION PLAN - ALLIANCE FOR OPEN GOVERNMENT
OPEN GOVERNMENT COMMITMENTS - BENEFICIAL OWNERSHIP
MEXICO JOINS BENEFICIAL OWNERSHIP LEADERSHIP GROUP
OGP - BENEFICIAL OWNERSHIP LEADERSHIP GROUP
Beneficial Ownership Leadership Group: Terms of Reference, Declaration, Glossary
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9 Notes:
The government launched a proactive commitment between the Ministry of Public Affairs, the Financial Intelligence Unit, and the Ministry of Economy, in coordination with civil society, for the 4th Action Plan regarding Beneficial Ownership but only for companies working in the fossil fuels and mining industries. In the commitment related to beneficial ownership participate the Financial Intelligence Unit, the National Banking and Securities Commission (CNBV for its Spanish acronym) and more than 10 Units from the Ministry of Economy and the Ministry of Finance and Public Credit. There is a matrix of the different registries in charge of different agencies and a proposal related to the fields that can identify a beneficial owner in Mexico.
Mexico joined the Beneficial Ownership Leadership Group (BOLG) to drive the global policy shift towards free, open beneficial ownership data. The country signed up to a set of best practice disclosure principles and will look to shift the global norms of company beneficial ownership transparency by 2023, by committing to developing domestic public registers of company beneficial ownership, support efforts globally and regionally for other countries to do the same.
Updated: October 31, 2020
The government launched a proactive commitment between the Ministry of Public Affairs, the Financial Intelligence Unit, and the Ministry of Economy, in coordination with civil society, for the 4th Action Plan regarding Beneficial Ownership but only for companies working in the fossil fuels and mining industries. In the commitment related to beneficial ownership participate the Financial Intelligence Unit, the National Banking and Securities Commission (CNBV for its Spanish acronym) and more than 10 Units from the Ministry of Economy and the Ministry of Finance and Public Credit. There is a matrix of the different registries in charge of different agencies and a proposal related to the fields that can identify a beneficial owner in Mexico.
Mexico joined the Beneficial Ownership Leadership Group (BOLG) to drive the global policy shift towards free, open beneficial ownership data. The country signed up to a set of best practice disclosure principles and will look to shift the global norms of company beneficial ownership transparency by 2023, by committing to developing domestic public registers of company beneficial ownership, support efforts globally and regionally for other countries to do the same.
Updated: October 31, 2020
The government changed in December 2018. The new government launched a proactive commitment between the the Ministry of Public Affairs, the Financial Intelligence Unit, and the Ministry of Economy, in coordination with civil society, for the 4th Action Plan regarding Beneficial Ownership but only for companies working in the fossil fuels and mining industries. The Action Plan was presented in December 2019. The Ministry of Public Affairs reported that in collaboration with the Finance Intelligence Unit (UIF) of the Ministry of Finance and Public Credit (SHCP) triggered the adherence of Mexico to the Beneficial Ownership Transparency Disclosure Principles suggested by the United Kingdom. In December 2019, for the International Day Against Corruption, the Government of Mexico announced that Mexico joined the Beneficial Ownership Leadership Group (BOLG) to drive the global policy shift towards free, open beneficial ownership data. The country signed up to a set of best practice disclosure principles and will look to shift the global norms of company beneficial ownership transparency by 2023, by committing to developing domestic public registers of company beneficial ownership, support efforts globally and regionally for other countries to do the same.
Updated: April 30, 2020
The government changed in December 2018. The new government has informed through the Open Goverment Partnership (OGP) that they plan to launch a proactive commitment between the Ministry of Public Affairs, the Financial Intelligence Unit, and the Ministry of Economy, in coordination with civil society, for the 4th Action Plan which is in process of elaboration and will be presented in November 2019, there is no public evidence yet. The Ministry of Public Affairs reported that in collaboration with the Finance Intelligence Unit (UIF) of the Ministry of Finance and Public Credit (SHCP) impulsed the adherence of Mexico to the Beneficial Ownership Transparency Disclosure Principles impulsed by the United Kingdom.
Updated: October 30, 2019
Beneficial Ownership Principles include: "Protocols for identifying and investigating red flags in the data, including collaboration and accountability between registrars and law enforcement."
Peer reviewer: 1
Updated: October 30, 2019
Conversations on the topic have started.
Updated: October 30, 2018
No change.
Updated: June 30, 2018
In the TI-S report 'G20 Leaders or laggards? Reviewing G20 promises on ending anonymous companies', 'G20 Principle 4: Access to Beneficial Ownership Information' shows that in both 2015, and 2017, Mexico achieved the same score.
Updated: July 30, 2017