Financial Sector

CNBV (National Banking and Securities Commission of Mexico) – VICE PRESIDENCY, REGULATIONS – from the REGULATORY BULLETIN, DECEMBER 8, 2016

The mission of the CNBV is to safeguard the stability and integrity of the Mexican financial system and to promote its efficiency and its inclusive development for the benefit of society.

Regulations focus on strengthening measures which allow the CNBV to verify the reputation, credit and business histories of potential investors, board members and other relevant company officials. With regard to the beneficial ownership of financial institutions, the CNBV may request necessary information for all shareholders in such companies.

Review compliance with Chapters IV, V y VI:

Information technology and BPO Sector


If confidential information about a company, its customers, its decisions, its financial condition or a new product line falls into the hands of a competitor and becomes public in an unauthorized manner, it can cause a loss of credibility with customers, damage to its reputation or even bankruptcy.

In order to reduce or eliminate the risks associated with personnel who handle sensitive information, companies must verify an employee’s background and strengthen compliance with the standards of ISO 27001. In doing so they may support the security of information handled by employees through system access, use, disclosure, interruption or unauthorized destruction of information.

Transportation and logistics Sector

BASC – Business Alliance for Secure Commerce

BASC is a standard designed to help organizations develop controls and security for international trade programs in order to protect companies, their employees and others whose security may be affected by their activities. The human factor within organizations can create or destroy the effectiveness of any administrative system, so it must be carefully monitored for compliance with this standard.

CTPAT- Customs-Trade Partnership Against Terrorism

The objective of this Customs-Industry strategic partnership against terrorism is to build commercial cooperation relationships that reinforce and enhance the business value chain and security at the United States border. The scope of the standard is to define the necessary guidelines to reinforce security in the business value chain where human resources play a key role.


Background checks for employees in contact with vulnerable members of society

International best practices in the education and healthcare sectors (schools, universities, kindergartens, hospitals, nursing homes) require such institutions to carry out thorough background checks on contractors or individuals whose activities include direct and unsupervised access with children, adolescents, the sick or the elderly.

In addition, if third parties (subcontractors who are in contact with these segments of society) are involved, such companies should carry out background checks upon their employees and confirm their eligibility to work.


Energy Sector

MultiLatin finds inconsistencies in a candidate’s employment history. By means of a search in media the company confirms that the candidate has omitted employment history on his CV and separately has record of involvement in fraudulent activities. MultiLatin verifies that the candidate worked for a private company but at the same time was paid by the Secretariat of Energy. In Mexico, this is known as an “aviador”.

Transportation Sector

MultiLatin initiates a verification process including the candidate’s home address. The screening effort confirms the candidate’s identity and various jobs. Upon reviewing court records for criminal litigation, MultiLatin detects a high risk of the candidate’s involvement as a suspect in a homicide two years earlier.

Logistics Sector

The MultiLatin team contacts an Argentine university to verify a candidate’s academic record. The school has no record of the candidate in their database and corroborates that the documentation provided is fake; the school does not offer the degree claimed by the candidate, and the signatures on the document are forged. MultiLatin issues a deliberation of high risk.

IT Sector

MultiLatin reviews the identify of a candidate to rule out other namesakes within the country. They confirm the identity, but during a review of international watch lists find records linked to organized crime under the candidate’s name. The reputational risk for the company is classified as high.


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