Among expressed the profound solidarity of Mexico with

Among theregulations that investment advisers must comply with are those related to theprevention of money laundering and financing of terrorism.

There areseveral activities that within the financial sphere have to comply with variousregulations to carry out their functions by said regulations. The stock marketis a sector that plays a very important role in the economies of the countriesand that in many of them, like the Latin Americans, should, from my point ofview, have more significant activity and favor the access of a higher number ofparticipants in it. How can this inclusion be achieved? Are better educationand financial diffusion required?Within oneof the activities related to investment decisions, the Mexican SecuritiesMarket Law provides that people who, without being intermediaries of thesecurities market, provide professional and frequent portfolio managementservices by making choices. Investment in the name and on behalf of thirdparties, as well as providing expert and professional investment advice onsecurities, analysis, and issuance of investment recommendations individuallywill have the character of investment advisors.Speaking ofthe requirements that must meet those people to perform their function are toregister with the National Banking and Securities Commission (CNBV). In thecase of individuals, they must prove that they have good reputation andcreditworthiness, regarding the general provisions issued by the CNBV, as wellas having the certification before a self-regulatory body recognized by theCNBV.

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In the case of legal persons, they must be public companies regardingcurrent legislation, or corporations or limited liability companies under theGeneral Law of Commercial Companies and comply with various requirements.Among theregulations that investment advisers have to comply with-perhaps you alreadyimagined, dear reader-are also those related to the prevention of moneylaundering and financing of terrorism. By the way, this issue of terrorism wasdiscussed during the recent Summit on Violent Extremism held in Washington, DC.

TheSecretary of the Interior, Miguel Ángel Osorio Chong, participated in theSummit on behalf of Mexico, who expressed the profound solidarity of Mexico withthe families of the victims of acts of terrorism, while condemning theseinhumane acts. He also pointed out that in recent years the world has witnessedthe effects of violent extremism and intolerance, and lamented the improper useof technology for the recruitment of people and the raising of funds byterrorist organizations. He also expressed his concern about the globaltrafficking of illicit goods that allows them to expand their operationalcapabilities.About theprevention of money laundering and financing of terrorism, investment advisersmust comply with measures very similar to those applied to the various entitiesof the financial sector, such as:·        Knowand identify your customers.·        Reportoperations to the Financial Intelligence Unit.·        Developmentof training programs.

·        Haveautomated systems.Designate,where appropriate, through its board of directors, a representative who worksin the company, which will perform, at least, functions similar to those of thecompliance officer.Investmentadvisers perform a function to a certain extent unknown to the general publicand of great importance for making investment decisions that will have anessential and direct impact in some positive cases and others – let’s hope theyare the least- negative way in people’s finances. These advisors also have avery important function to take care that money from illicit origin does notparticipate in any investment. Donald Trump said: “Sometimes the bestinvestments are those that are not made.” What do you think dear reader?


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