Compliance in Mexico

Bello, Gallardo, Bonequi y García, S.C.

Bello, Gallardo, Bonequi y García, S.C. houses a team ‘of the highest quality in compliance matters’. With a particular focus on financial institutions, the sizeable practice handles the spectrum of AML, ATF, privacy, anti-corruption and general regulatory matters. The accomplished group includes highly regarded practitioner Miguel Gallardo, head of the firm’s financial services department, who has over 20 years’ specialisation in banking, compliance and insurance work, and has also been certified as an anti-money laundering (AML) expert by the NBSC. Other noted figures include Hector Guzman, head of the firm’s Madrid office, who specialises in data protection matters and is CIPP/E-certified with regard to GDPR legislation; and banking-and-compliance senior counsel Adolfo Hegewisch, who is currently on secondment as general counsel to Deutsche Bank Mexico. Completing the team are a group of key senior associates, including Javier Pérez Moreno, who is also an NBSC-certified AML expert and authorised financial-institution compliance officer (currently also on secondment at Deutsche Bank); Alejandra Lobato, who has a similar qualification and focuses on healthcare and insurance matters; and Querétaro-based senior counsel Samuel Rivero, who can draw on more than ten years’ in-house experience in senior compliance roles, most recently at Scotiabank. The firm is also currently advising more than 65 non-banking financial institutions (SOFOMs), including providing representation before authorities such as the NBSC and CONDUSEF.  Since publication, Pérez Moreno has been raised to the partnership - effective as of 2022.

Practice head(s):

Miguel Gallardo-Guerra; Héctor Guzmán Rodríguez; Adolfo Hegewisch Carrillo

Testimonials

‘They provide a tailor-made suit, i.e. they adapt to the model and needs of the company to provide advice and training on compliance issues’

‘They adapted quickly and very well to the company’s technological tools. Other firms only work in word’

‘BGBG provides specialised tailor-made advice, they follow a legal fee model looking for a long term relationship and not just a well paid matter’

‘Great coordination and knowledge of national and international compliance practice’

‘Great attention. You always have a one-to-one with the partners. Carlos Bello, Miguel Gallardo and Alejandra Lobato are one of a kind’

‘The service is impeccable’

‘Miguel Gallardo is a very experienced compliance lawyer. He constantly anticipates our needs as clients and provides us with a holistic view’

‘A team of the highest quality in compliance matters and very approachable’

Key clients

AirBnB

Alternativa Financiera Prosesa

Amicorp México

Banco Inmobiliario Mexicano

CitiBanamex

Banco Santander

Banco Mercantil del Norte

MUFG

Bloom Emprendedores

Braskem México Proyectos

Capital Vertical Promotora Empresarial

Crecer Solución Inmediata

Credisocial México

Credit Suisse

Crédito Especializado Stándar

Crédito Real

Daimler Financial Services

Deutsche Bank México

Deutsche Securities

Element

Engenium Capital

Finae

Finalux

Fincrece

Grupo Capital Vertical

Impulso Crediticio Empresarial

Industrial and Commercial

Bank of China Mexico (ICBC)

Mercado Libre

Morgan Stanley México

Multi-Apoyos de Capital

Mutua Altiplano

Palace Resorts Capital

SABCapital

Servicios Liquick

Structura Capital Management

UBS Asesores México

Vinta Capital

Vision F México

Evo Payments

Banco Multiva

Volkswagen Leasing

Femsa

Nu Bank

Pagsmile

Exka

HDF Energy

Medius Collection

Merceron Capital

Rianta Capital Zurich

World Quest Holdings

Federación Mexicana de Futbol

Work highlights

  • Permanet compliance advice to Morgan Stanley, including the appointment of senior counsel Samuel Rivero as compliance officer in order to provide compliance services on an ongoing basis.
  • Advising Deutsche Bank Mexico on regulatory matters during its sale process, including preparation and implementation of anti-money laundering provisions and compliance with Mexio’s financial authorities; senior associate Javier Pérez was appointed compliance officer to oversee the process.
  • Ongoing legal advice to Mercado Libre in connection with its seeking authorisation to become a fintech entity; senior associate Jessica Vilchis placed on secondment in Mercado Libre to provide day-to-day compliance services.

Greenberg Traurig, S.C.

With ‘unique experience derived from having had to deal with and resolve some of the most relevant issues that have occurred in the country’, Greenberg Traurig, S.C.‘s Mexico City office fields a nine-strong practice. The group has a comprehensive understanding of anti-money laundering investigations, fraud and anti-corruption compliance programs and particularly white-collar defence. The practice is led by partner Hugo Lopez-Coll, who has recently advised on FCPA and UK Bribery Act matters, and on the OECD and UN conventions against corruption, as well as on Mexico’s local National Anti-Corruption System; he also undertakes internal (frequently multi-jurisdictional) investigations, risk and compliance assessments and program implementation. Indeed, López-Coll’s international experience ‘allows him to give an advanced approach to a subject that is not fully developed in Mexico so far’, according to one client. Key support comes from experienced mid-level associate Héctor Sánchez, who advises on regulatory and compliance matters regarding regulated activities, particularly in relation to energy and gaming, as well as anti-corruption due diligence, corruption risk analysis and training. Since publication Lopez-Coll has left the firm for Sainz Abogados - with effect from February 2022.

Testimonials

‘Hugo López Coll is a committed and up-to-date lawyer on compliance issues.’

‘They are a very dynamic team that responds quickly to requests. They resolve doubts quickly and never complicate situations unnecessarily.’

‘They offer an efficient service that also translates into more reasonable fees. They have in-house technologies and tools that give me more confidence in the work they deliver.’

‘Hugo López Coll’s willingness to work and attention to detail is what we like most about the firm’s practice.’

‘Hugo López Coll’s team stands out for its in-depth knowledge of the subject matter and unique experience derived from having had to deal with and resolve some of the most relevant issues that have occurred in the country.’

‘They have developed a unique expertise at first hand from the various issues they have had to deal with.’

‘I believe that their differentiator is that they are compliance lawyers. In other firms, litigators have gone into compliance, but from a more litigious point of view. I think it gives an additional value that the compliance lawyer, in this case Hugo López Coll, is not at the same time the litigator of the potential cases.’

‘Hugo López Coll’s international experience (and in fact, his qualification as a lawyer of the NY Bar) allows him to give an advanced approach to a subject that is not fully developed in Mexico so far.’

Key clients

Walmart Inc

Jones Day

Garnering praise for being ‘an extraordinary lawyer’, as well as a renowned AML expert, Guillermo Larrea is at the helm of Jones Day 's eight-strong compliance practice, which handles anti-corruption, anti-money laundering, fraud prevention, digital compliance (including cyber-security, privacy and data protection), compliance programs, conflicts of interest, third-party relations, business conduct with public officials, implementation, enforcement and investigations. Delivering ‘very precise’ advice which generates ‘full confidence’ in the team among clients, the practice has recently handled anti-corruption and personal data protection mandates, as well as cases involving internal investigations, personal data protection compliance, and fraud and mismanagement matters. Associate Juan Carlos Hernández Q, who focuses on cyber-security and data compliance matters, is another name to note.

Practice head(s):

Guillermo E. Larrea

Testimonials

‘Personalised attention and always on time.’

‘Their advice is always very precise. They have a solid knowledge of compliance from different perspectives, from anti-corruption to digital compliance. I have full confidence in their advice.’

‘I highlight Guillermo Larrea’s empathy with the client, willingness to help, immediate response and attention to detail. He is an extraordinary lawyer.’

‘They work very well in their approach with the client and are aware of all regulatory developments in the sector.’

‘Juan Carlos Quinzaños and Guillermo Larrea stand out’.

Key clients

Toyota Financial Services México

Grupo Proeza

Corporación Moctezuma

Bunge Servicios

ExxonMobil México

Casa de Bolsa Finamex

Altán Redes

BioHorizons (Henry Schein)

Daikin Airconditioning Mexico

Work highlights

  • Advising Grupo Proeza on a full anticorruption and anti-money laundering program, as well as on a cybersecurity and personal data protection program for its global operations in 24 cities across North and South America, and Asia.
  • Assisting ExxonMobil with privacy-related obligations (including data protection requirements), in 25 jurisdictions in Latin America, as well as advising the company  with regards to its consumer relations and personal data transfers across the region.
  • Providing BioHorizons with high-profile content and assessment on compliance risks in Latin America; advising on the preparation of anti-corruption training in connection with the FCPA and local anti-corruption laws for its operations in Mexico and Chile.

Von Wobeser y Sierra, SC

One of the first Mexican full-service firms to launch a compliance practice, Von Wobeser y Sierra, SC houses ‘one of the leading teams’ in the sector, and which has grown steadily over the years to encompass anti-corruption matters, national and cross-border investigations, as well as preventive measures. Partner Diego Sierra, who makes the 10-strong department ‘work like a Swiss watch’, focuses on risk assessment and high-profile white-collar cases in Mexico, but also handles a variety of Foreign Corrupt Practices Act (FCPA) related matters, so it’s no surprise that the firm is frequently the co-counsel of choice for US firms undertaking international investigations in Mexico. Partner Raymundo Soberanis and counsel Pablo Fautsch area additional key figures in a team that has a solid track record across the anti-corruption, AML and digital and data security areas, with recent mandates including advising BHP Billiton on anti-corruption matters and a review of Teleflex’s clients’ code of conduct regarding anti-corruption regulations. Since publication, Fautsch has been raised to the partnership - effective December 2021

Practice head(s):

Diego Sierra

Testimonials

‘Committed in all projects to achieve regulatory compliance and support the generation of an ethical culture within the organisation with a 360° vision of the companies, something that differentiates their actions from those of other law firms.’

‘Expertise. They have a strong knowledge of compliance matters (anti-corruption, anti-money laundering, data protection, human rights, social responsibility, antitrust and investigations/whistleblowing) as well as being one of the best practices.’

‘Diego Sierra makes the compliance team work like a Swiss watch, he has the ability to communicate his experience and knowledge in a clear, simple way and with a 360° vision that gives peace of mind to the organisation and management.’

‘One of the leading teams in the field.’

‘It is the most diverse and best positioned firm in the face of change. I think the diversity aspect is outstanding.’

‘Their warmth of treatment, undoubtedly one of their strongest assets.’

Key clients

Grupo Coppel

Philip Morris

Teleflex

Veolia Mexico

Grupo Lala

Anheuser-Busch InBev/Grupo Modelo

BHP Billiton

Cinépolis

Akamai

Thermo Fisher

MX Farmacéutica

Grupo Bocar

Deloitte

The National Football League

Freudenberg Group

Fresenius Medical Care

Seadrill

Cotemar

Work highlights

  • Advising Coppel on the implementation of its compliance program throughout its entire organisation comprised of more than 120,000 employees throughout Mexico and Latin America.
  • Representing Teva in litigation against the Instituto Mexicano del Seguro Social (IMSS), regarding claims and illegal administrative decisions it has adopted in relation to TEVA’s FCPA plea agreement, entered into with the SEC and the DOJ.
  • Continuous advice to BHP Billiton on issues regarding Mexican anticorruption regulations related to BHP Billiton’s business in Mexico; the team also assisted with adapting BHP’s Global Anticorruption Program.

Creel, García-Cuéllar, Aiza y Enríquez, S.C.

Creel, García-Cuéllar, Aiza y Enríquez, S.C.‘s ‘highly specialised group‘, nine-strong, has ‘an excellent reputation and professional recognition’; it handles corruption and white-collar investigations, anti-money laundering, anti-corruption due diligence and compliance; as well as multi-sectoral compliance investigations and crisis management, among other matters. Steering the team are Leonel Pereznieto (who also heads the insurance practice); and Narciso Campos, who has experience working as assistant secretary for banking, securities and savings at the Ministry of Treasury, where he participated in the design and issuance of AML/CFT rules for financial institutions, as well as their interpretation. Senior associate Santiago Acosta, who ‘will undoubtedly go far in his career’, is another key asset of the team. Recent mandates have involved internal investigations, allegations of workplace harassment, anti-money laundering compliance and audits, and compliance due diligence. Since publication, Campos has left the firm to move in house - effective as of November 2021.

Practice head(s):

Leonel Pereznieto

Testimonials

‘They are a highly specialised group with an excellent reputation and professional recognition. Their response is always very agile, accurate and timely.’

‘The firm’s strongest point is its high specialisation and the quality of its professionals. Leonel Perez Nieto and Santiago Acosta’s attention is agile and timely.’

‘The team provides a very personal and attentive service, and they show complete dedication to their clients’ interests.’

‘Santiago Acosta is an excellent lawyer, very detailed and knowledgeable. He will undoubtedly go far in his career.’

‘They are very transparent in the way they work and in their billing.’

‘They really are a joy to work with.’

‘Creel demonstrated significant flexibility in adapting to the multi-jurisdictional needs of the case.’

‘The knowledge of financial regulatory issues is superior to that of other firms.’

Key clients

Herman Miller

CFEnergia

Ontario Teachers’ Pension Plan/ Canada Pension Plan Investment Board

Northland Power

Smiths Medical

Fortive Corporation (Vontier Mexico)

Landec Corporation

Work highlights

  • Assisted with the compliance due diligence for the acquisition of a 40% equity participation infrastructure-concessions holding company, IDEAL.  
  • Assessment on anti-corruption and antitrust compliance risks and areas of improvement derived from our review of certain internal policies provided by Hitachi Auyomotive Systems.
  • Undertook anti-corruption and anti-bribery training sessions for all Northland Power Energia employees in Mexico.

Galicia Abogados S.C.

The ‘first-class’ compliance unit –part of the larger regulatory practice group– at Galicia Abogados S.C. is divided into two main areas of work: day-to-day matters, including internal policy design and implementation, and training and manuals; and on the other hand, transactional compliance in connection with M&A, joint ventures, and government awards and procurement. The 10-strong team, which also regularly undertakes defence and representation in investigations before entities including the FTI, Competition Commission and Federal Data Protection Institute, is co-led by partners Christian Lippert and Carlos Chávez, who splits his practice between regulated market transactions and compliance and investigations. Recent matters range from preventative advice on the application of anti-corruption laws and internal policies, to internal procedures, hires, engagements and events; internal investigations dealing with compliance and environmental regulations; public procurement matters; and executive training. Raised to the partnership in October 2021, Juan Carlos Burgos is also noted.

Practice head(s):

Carlos Chávez; Christian Lippert

Testimonials

‘They are a first-class team. The quality of their advice and the personalised service they provide is of an extraordinary quality.’

‘They are highly trained, but what makes them stand out most is the availability and excellent service they provide. They know their client and get involved with them as if they were part of the internal team.’

Key clients

Abertis

Work highlights

  • Advised Abertis on the acquisition of 72.30% of Red de Carreteras de Occidente.

OCA Law Firm

OCA Law Firm is a small and highly specialised boutique that handles consultancy and litigation regarding general, criminal and tax compliance; anti-corruption; anti-money laundering; and investigations. Founded in 2003, the firm also handles anti-bribery schemes related to major M&A deals, third-party risk assessments for FCPA, UK Bribery Act and more recent Mexican anti-corruption legislation, and preventative training. Key figure Luis F Ortiz has over 15 years' experience focused on the gamut of compliance and anti-corruption matters; he also has a strong tax specialisation. Recent matters include AML risk assessment in relation to a public concession; the implementation of AML and anti-corruption compliance policies in a multinational enterprise; and assisting a client in the hydrocarbons sector with administrative, compliance and criminal litigation. In the latter example, Ortiz worked in conjunction with criminal defence boutique APM Abogados' Arturo Palafox, the two firms having enjoyed a partnership agreement since 2018. Further support comes from experienced associate Jacqueline Roa, who focuses on AML, anti-bribery and FCPA matters.

Practice head(s):

Luis F Ortiz

White & Case S.C.

White & Case S.C. houses a sizeable and ‘solid compliance practice’, with ‘in-depth knowledge of the applicable regulations’, as well as an ‘excellent’ relationship with regulators. The practice is co-led by Maria Teresa Fernández-Labardini, a go-to figure on finance regulatory matters; Juan Antonio Martín, who has a focus on the financial sector (particularly fintech, payment systems/electronic banking, AML/KYC matters and outsourcing); Enrique Espejel, who handles white-collar matters, including internal investigations and representing relevant parties in civil matters involving fraud, accounting and regulatory issues; and Vicente Corta. The team plays to its strengths when acting in the finance and digital areas, with recent matters including regulatory and compliance work in relation to financial and fintech law; financial regulatory work regarding investment advisory services and payment services (both online and traditional), and advice regarding the growing area of internet service provision regulatory matters. Younger partner Andrés Mosqueira provides key support.

Practice head(s):

María Teresa Fernández Labardini; Juan Antonio Martín; Enrique Espejel; Vicente Corta

Testimonials

‘Andrés Mosqueira and the team have an in-depth knowledge of the applicable regulations as well as a lot of experience in dealing with regulators with whom they have an excellent relationship. They are a solid compliance practice.’

‘The team is very approachable, they always respond quickly, including the partner in charge.’

Key clients

The Vanguard Group

JP Morgan

Citigoup

Banamex

Afluenta

Airbnb

Morgan Stanley

Work highlights

  • Representing US-based mutual fund and asset manager, Vanguard Group, on financial regulatory areas applicable to its activities in Mexico since 2016.
  • Representing Visa, on regulatory compliance issues in connection with payment services and other activities carried out by Visa’s Mexico-based operations.
  • Representing Airbnb, on several regulatory and compliance matters regarding its operations in Mexico.

Basham, Ringe y Correa, S.C.

The broad compliance practice at full-service firm Basham, Ringe y Correa, S.C. boasts some notable expertise advising on matters ranging from transactional regulatory compliance, risk assessments and training, to internal investigations, third-party assessments and preventative and corrective measures. It also shows dexterity handling matters related to the FCPA and the UK Bribery Act. The practice group is led by a cadre of senior partners including head of the firm's administrative practice Rodolfo Barreda; head of the corporate/M&A practice Daniel Del Rio; and four highly experienced white-collar/criminal litigators: Francisco Tiburcio, Alejandro Catala, Jorge Medina and Gilberto Valle. Recent matters include the design and implementation of a 'self-regulation' program for compliance with Mexico's anti-money-laundering requirements, compliance training, compliance audits, and analysis and reporting. On data compliance matters, the firm has a specialised data protection and privacy practice (part of the firm’s broader TMT department), led by Adolfo Athie and Teresa Espinosa.

Practice head(s):

Rodolfo Barreda; Francisco Tiburcio; Daniel Del Río; Jorge Medina

Chávez Vargas Minutti Abogados

‘One of the best practices’, according to a client. Chávez Vargas Minutti Abogados' CHM Compliance unit is a one-stop-shop, compliance advisory group comprising lawyers, industrial engineers, actuaries, financial risk analysts and sociologists who cover legal, regulatory, process mapping, risk mapping and administration, and antibribery training; all members are also global-anti-bribery-standard (ISO 37001) certified auditors. The practice handles a wide range of matters, from initial compliance analysis and auditing, through the implementation of updated internal processes and policies, to executive and personnel training and ongoing review of practices. Leading the team are Brian Minutti and actuary Ricardo Velázquez, a former general director for investigation and international affairs at IPAB, Mexico’s deposit insurance and resolution authority for credit organisations.

Practice head(s):

Brian Minutti

Testimonials

‘In the area of compliance, they offer advice on the implementation of integrity policies in the institution from start to finish.’

‘The advice is personalised and the work is carried out as a team so that the firm’s objectives are aligned with those of the client.’

‘The degree of training they have in the field makes them one of the best practices.’

Key clients

Infraestructura Energética Nova

Tecnoprogramación Humana Especializada en Sistemas Operativos

Hofu Capital

414 Capital

Fibra Infraex

Work highlights

  • Advised IEnova on the obtainment of HR Ratings’ Integrity Policy rating of HR PAC 2+, the highest rating ever granted by the Mexican ratings agency.
  • Advised Theos on the obtainment of the  ISO 37001 international anti-bribery certification, an international standard that guarantees the transparency of, and commitment to, international anti-bribery best practices.
  • Currently advising 414 Capital Inc on ethics and transparency best practices, as well as providing the company with an independent Chief Compliance Officer.

González Calvillo, SC

González Calvillo, SC handles large and sensitive internal investigations regarding compliance matters for various clients, as well as anti-bribery and anti-money laundering investigations, preventive and corrective compliance strategies, and associated litigation, among other matters. The practice is co-led by Luis Felipe Mancera de Arrigunaga, who has a solid tax and AML background, as well as a high-level expertise regarding government procurement, public-servant accountability, and anti-corruption; and counsel Juan Carlos Peraza. Key support is provided by experienced senior associate María Paula Boustani, who has experience across compliance, AML and anti-corruption. Former counsel Luis Ortiz de la Concha left the firm in mid-2020 to return to his own boutique practice.

Practice head(s):

Luis Mancera de Arrigunaga; Juan Carlos Peraza

Hogan Lovells

Hogan Lovells´ ‘dynamic’ 11-strong compliance practice has maintained a steady growth over the last couple of years, garnering solid expertise advising on matters ranging from targeted investigations to compliance implementation audits and training in relation to Mexico's anti-corruption system. The team is led by a group of well-versed corporate and finance practitioners, namely managing partner Juan Francisco Torres Landa, Carlos Ramos Miranda and Federico de Noriega Olea (who has particular expertise in data privacy issues, including data processing, data transfers and security breaches), along with contentious partner Luis Enrique Graham, who ‘generates broad trust among the stakeholders with whom he interacts’. Graham focuses on investigations and local anti-corruption regulations – as well as FCPA matters – across the wider Latin America region. The team can also call on the highly specialised support of the firm's cross-office investigations, white-collar and fraud group.

Practice head(s):

Juan Francisco Torres Landa; Carlos Ramos Miranda; Luis Enrique Graham Tapia; Federico de Noriega Olea

Testimonials

‘It is a very dynamic practice.’

‘Federico Hernandez has great knowledge of the area’.

‘Ana Rumualdo has demonstrated an extraordinary and outstanding performance, she has become a key part of the relationship with the firm, has extensive knowledge of technology issues and is always on the lookout for issues that may be of relevance to us.’

‘It is one of the firms that has been working on compliance issues in Mexico since before it was a recognized issue for companies.’

‘Luis Enrique Graham generates broad trust among the stakeholders with whom he interacts.’

‘On privacy and personal data protection issues, the firm has an experienced team.’

‘Excellent client service and response times and an outstanding ability to train our (non-legal) teams on data protection issues.’

Mijares, Angoitia, Cortés y Fuentes S.C.

Hailed by clients as an ‘excellent law firm’, Mijares, Angoitia, Cortés y Fuentes S.C. boasts a seven-strong corporate liability and criminal compliance practice, that sits within the firm's broader global investigations group, which also includes members of the labour and litigation teams. The arrival of department-head Gabriel Calvillo back in 2018 has clearly bolstered the area, which handles both prevention programs and defence strategies with regard to industrial and white-collar crime, as well as advice on compliance, anti-corruption and anti-money laundering, among other matters. Currently of counsel, Calvillo, who is regarded as a ‘true leader in his field’, is a former head of the specialised prosecutor's unit of the Attorney General's Office, and an ex-Deputy Attorney General of environmental agency PROFEPA, which issued the first protocol of corporate criminal liability. He is closely supported by partner Claudio Jiménez and experienced associate Claudia Aguilar, who has a focus on criminal defence in federal and state litigation nationwide (primarily in relation to financial and environmental crime).

Practice head(s):

Gabriel Calvillo

Testimonials

‘Their criminal compliance team is unique and rare to find in other corporate law firms.’

‘Gabriel Calvillo is a true leader in his field and one of the few lawyers in Mexico that has full expertise in this matter.’

‘Excellent law firm.’

‘Their key qualities are experience, prompt attention and problem solving. Its key professionals are Gabriel Calvillo and Claudia Aguilar.’

Nader, Hayaux y Goebel, SC

Demonstrating a strong focus on anti-money laundering, data protection, consumer protection regulation and anti-corruption, the compliance practice at Nader, Hayaux y Goebel, SC is led by corporate and antitrust practitioner Alejandro Mendiola, who has over 20 years' experience of anti-corruption matters. He is closely supported by a notable group of senior partners, Michell Nader (banking, finance, capital markets and corporate transactional matters); Yves Hayaux-du-Tilly L. (corporate, M&A and insurance), and Luciano Pérez (financial regulatory and compliance as part of a broader corporate finance practice). However, the practice endured the March-2021 departure of AML/CTF specialist Ángel Escalante, who left the firm to re-establish his boutique practice, Escalante & Asociados.

Practice head(s):

Alejandro Mendiola Díaz

Key clients

Toyota Financial Services Mexico

Asociación Mexicana de Entidades Financieras Especializadas (AMFE)

Gröl de Mexico

Work highlights

  • Advised Bayport Mexico on analysing the current Bancassurance structure under which it provides insurance coverage to its clients.
  • Advised the Mexican Association of Specialised Financial Entities (AMFE) on the negotiation and drafting of the new General Vehicle Registry Law (Ley REPUVE).
  • Advised Gröl México on privacy and personal data regulation to initiate operations in Mexico, including the implementation of a privacy policy.

Sánchez Devanny

Sánchez Devanny´s 13-strong corporate governance and regulatory compliance practice group boasts a sturdy track-record advising on corporate internal investigations, anti-corruption regulations and anti-money laundering investigations. Humberto Morales-Barron and Daniel Maldonado-Alcantara (in Monterrey and Querétaro respectively), are the key partners of the team, which also counsels clients on FCPA, UK Bribery Act and Mexican anti-corruption regulations; on compliance and/or regulatory audits (and their legal implications in connection with M&A and commercial agreements); and on internal vetting procedures for distributors, agents and service providers. Key support is provided by senior associate Oscar Quiroz.

Practice head(s):

Humberto Morales-Barrón; Daniel Maldonado-Alcántara; José Alberto Campos; Guillermo Villaseñor

Baker McKenzie Abogados, S.C.

Partners Reynaldo Vizcarra and Jonathan Adams, who focus on internal investigations related to cases of government corruption and white-collar crime committed by employees, co-head the seven-strong department at Baker McKenzie Abogados, S.C., which is regularly sought out by clients for its impressive capabilities when handling fraud and anti-corruption mandates. Demonstrating particular expertise in the pharmaceutical and life sciences industries, the team also possesses a deep knowledge of Mexican regulatory issues.

Practice head(s):

Reynaldo Vizcarra-Méndez; Jonathan Adams

Key clients

Boston Scientific

Brambles (CHEP)

Bridgestone

Constellation Brands

Dole Asia

Emerson Electric

Fortune Brands

Hamilton Beach Brands

Hasbro

Hollister

Kellogg, Brown and Root (KBR)

Merck

Quest Diagnostics

Salesforce.com

SAP

SC Johnson

Sony Pictures Entertainment

Trek Bicycles

Work highlights

  • Advised on the detection and investigation of an $18m fraud in Mexico.
  • Investigated allegations of quality and leadership issues at a medical devices manufacturing plant in Mexico, which resulted in dismissal of plant manager, quality director and manufacturing director.
  • Conducted an investigation into allegations of the illegal award of government energy contracts during the last twenty years.

Cuesta Campos y Asociados S.C.

Cuesta Campos y Asociados S.C. houses a solid, four-strong compliance practice, valued for its expertise in anti-money laundering, risk management and anti-corruption investigations, which it puts to use particularly regarding preventive work, helping clients mitigate risks associated with their operations in Mexico. Senior associate Andrés Urquidi heads the department, closely backed by managing partner Hugo Cuesta, a well-reputed corporate finance practitioner, and Azucena Marín, who works on antitrust and compliance matters as part of her broader M&A practice. The practice also consults on matters such as drafting compliance protocols and anti-corruption and confidentiality policies.

Practice head(s):

Andrés Urquidi

Key clients

Bright Machines

Centro Médico Puerta de Hierro

Compas

Covestro

Corteva

Adval Tech Mexico

Troquer Fashion

Custer Overseas

SBS Ecoclean

Narosa Marketing

Work highlights

  • Advised Compas on the implementation of a conflict-of-interest programme and a compliance programme.
  • Advised Decathlon on the fulfilment of its obligations regarding product labelling, instructions and guarantees in compliance with the provisions of Office of the Federal Prosecutor for the Consumer.
  • Conducted a due diligence on Corteva from a compliance perspective, including their files and transactions, in order to determine the operational compliance of the company’s anti-money laundering policies.

Müggenburg, Gorches y Peñalosa, S.C. (MGPS)

Luis Gerardo Ramírez, who was appointed partner in mid-2019, is the key contact at Müggenburg, Gorches y Peñalosa, S.C. (MGPS), which houses a small practice group that nevertheless advises on compliance in relation to anti-corruption, administrative responsibilities, integrity, compliance policies, corporate governance and government procurement. It also undertakes training on the obligations and responsibilities of individuals. Recent matters predominantly include the design and implementation of compliance programs. Senior support comes from founding partner Esteban Gorches, who has a strong constitutional and administrative litigation aspect to his practice.

Practice head(s):

Luis Gerardo Ramírez