After FinCEN Sanctions, Facephi Releases Guide for Mexican Banks
Facephi, a specialist in digital identity and fraud prevention, has released a Regulatory Compliance Pocket Guide for Mexican financial institutions. This initiative responds to major changes in the Mexican regulatory framework and the intensification of international control over the country's financial system.
Challenges in the Mexican Financial Sector
The Mexican financial sector is facing a convergence of stringent regulatory requirements. Maintaining compliance with the Financial Action Task Force (FATF) status is a strategic goal, reinforced by FinCEN sanctions in June 2025 against several Mexican banking institutions suspected of facilitating money laundering. Concurrently, the Biometric CURP reform in July 2025 mandates the integration of national biometric identification by February 2026, while the update to the Federal Law on the Protection of Personal Data in March 2025 requires explicit consent for the processing of biometric data. These transformations compel banks, neobanks, and fintech institutions to adapt their onboarding and authentication processes.
Facephi's Enabling Technology
Facephi's technology serves as an enabling layer to integrate facial biometric verification, liveness detection, and document verification into fully digital onboarding flows that comply with regulations. The solution incorporates RENAPO and INE/IFE validation. Facephi justifies this approach with over a decade of operation under the world's most demanding regulatory framework, that of the European Union. Its solutions hold ISO 30107-3 (liveness detection), ISO 27001 (information security), iBeta Level 2, and SOC 2 certifications. The company emphasizes that this trajectory results in explainable artificial intelligence, auditable controls, and complete traceability of each process, elements increasingly demanded by the CNBV and UIF during inspections.
