Data Infrastructure for AML Supervision Prototype | Mexico

In the context of the R2A initiative, the Comisión Nacional Bancaria y de Valores (CNBV) has requested the development of a data infrastructure for anti-money laundering (AML) supervision (the Project) to:

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

By reducing unnecessary inefficiencies in the current processes, CNBV staff would have greater bandwidth for supervision and analysis. This would improve supervisory quality and enable the CNBV to provide sharper guidance to supervised institutions to improve their AML compliance systems.

Moreover, the CNBV is currently supporting the development of a new regulatory framework for the FinTech sector. The prototype RegTech solution is expected to strengthen the CNBV’s capacity to supervise this new FinTech sector.

For the past decade, the CNBV has pioneered a proportional, risk-based AML approach aimed at protecting the integrity and stability of the financial sector while promoting innovation and reducing barriers to financial access. By improving data quality and access and developing new tools for data visualization and analysis, the Project will support the CNBV’s efforts to effectively implement a risk-based AML supervisory approach that reduces compliance costs and promotes financial inclusion while ensuring financial integrity.


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