Financial Authority Partner Profile:

Comisión Nacional Bancaria y de Valores

 

The Comisión Nacional Bancaria y de Valores (CNBV) is an independent agency of the Secretariat of Finance and Public Credit (Mexico) (SHCP) body with technical autonomy and executive powers over the Mexican financial system. Its main role is to supervise and regulate the entities that make up the Mexican financial system, in order to ensure its stability and proper operation, and to maintain and promote the healthy and balanced development of the financial system as a whole, in protecting the interests of the public.

The Comisión Nacional Bancaria y de Valores (CNBV) has partnered with R2A to develop data infrastructure for Anti-Money Laundering (AML) supervision to:

  • Allow financial institutions to submit information for AML compliance digitally and automatically to the CNBV.
  • Increase the volume, granularity, and frequency – and improve the quality – of AML-related data submitted to the CNBV.
  • Enable CNBV staff to import historical records into the central data storage platform.
  • Enable CNBV staff to improve AML-related data validation and analysis, and generate customized reports for supervisory and policy development purposes.

By improving data quality and access, and developing new tools for data visualization and analysis, R2A will support the CNBV’s efforts to effectively implement an AML risk-based supervisory approach that reduces compliance costs and promotes financial inclusion while ensuring financial integrity. This is because reducing inefficiencies in current processes would give CNBV staff greater bandwidth to improve supervisory quality, and enable the CNBV to provide sharper guidance to supervised institutions in improving their AML compliance systems.

Also, the CNBV is currently supporting the development of a new regulatory framework for the FinTech sector and the developed prototype solution is expected to strengthen its supervisory capacity.

The project will deliver a prototype by June 2018. The competition to select the firm that will prototype this regtech solution is currently open. The deadline for submission is October 29th, 2017. More information here.

 

Project Sponsor

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Sandro García-Rojas Castillo

Vice President for Supervision of AML/CFT Measures at the Mexican National Banking and Securities Commission

Sandro García-Rojas Castillo is the Director General of Anti-Money Laundering Activities, National Banking and Securities Commission (CNBV).

He is a lawyer with multiple Master Degrees on fundamental economic aspects including criminal law as well as the protection of assets and people. He is also a specialist certified in Money Laundering Detection by the Association of Certified Anti-Money Laundering Specialist (ACAMS) and by the CNBV in Mexico, among others. In his professional career, he has worked in the private sector and in the Federal Government. 

 

Project Lead

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Linda Diaz Del Barrio

General Director of the Prevention of Operations with Resources from Illicit Provenance

Linda is the General Director of the Prevention of Operations with Resources from Illicit Provenance B, in charge the supervision of financial institutions, such as banks, brokerage houses, entities of popular sector, among others. 

In her career within the National Commission of Banking and Securities (CNBV) account, she has 12 years of experience as a regulator in accounting, external auditing and financial information for financial and stock entities subject to supervision by the CNBV.