Compliance in Mexico

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

Primarily focused on the financial sector, the compliance practice at Bello, Gallardo, Bonequi y García, S.C. ‘displays adaptability, willingness and availability'. The 20-strong team handles the spectrum of AML, privacy, anti-corruption and general regulatory matters. Head of the firm's financial services practice Miguel Gallardo has over 20 years' specialization in banking, compliance and insurance work; a National Banking and Securities Commission (NBSC) certified anti-money laundering (AML) expert, he currently acts as compliance officer for Braskem México, among other appointments. Heading the firm's Madrid office, dual-qualified (Spain/Mexico) Héctor Guzmán Rodríguez specializes in data protection matters and is CIPP/E-certified with regard to GDPR legislation; while banking-and-compliance senior counsel Adolfo Hegewisch is currently on secondment as general counsel to Deutsche Bank Mexico. Recent matters have seen the team provide a combination of compliance, regulatory, AML and data privacy advice to, among others: Credit Suisse, Nu Bank, Banco Inmobiliario Mexicano, Citibanamex, banco Multiva, Credicer and Deutsche Bank, among others. Additional key practitioners include senior associate and director of the firm's healthcare practice Javier Pérez: an NBSC-certified AML expert and authorized financial-institution compliance officer, he too is currently on secondment at Deutsche Bank. Alejandro Lobato is similarly qualified, his practice focusing more on healthcare and insurance matters; while senior counsel Samuel Rivero, in the Querétaro office (opened 2018), 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.

Testimonials

BGBG has accompanied us in complex and multidisciplinary processes, always with the best disposition and a lot of professionalism. It has been able to adapt to the changes and demands of our industry with a complete and modern proposal. It displays adaptability, willingness and availability.

They provide specialised knowledge in all matters related to the compliance of Juntos Financiera in relation to the prevention of money laundering and terrorism, in addition to authorisation from the authorities of the team that attends to us.

Service, attention and attitude, professional capacity, constant updating and preparation. We’d highlight: Miguel Gallardo, Daniela Alejanadra Lobato, Monica Barrios Trejo, Javier Perez, Federico de Palacio, Juan Carlos Morales Hector Guzman, Jonathan Rangel, Juan Bonequi and Samuel Rivero.

Key clients

AirBnB

Alternativa Financiera Prosesa

Amicorp México

Banco Inmobiliario Mexicano

CitiBanamex

Banco Sabadell

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

SAB Capital

Servicios Liquick

Structura Capital Management

Toyota Financial Services

UBS Asesores México

Vinta Capital

Vision F México

Evo Payments

Banco Multiva

Volkswagen Leasing

Femsa

Nu Bank

Work highlights

  • Advising Deutsche Bank Mexico on regulatory matters during its sale process, including preparation and implementation of anti-money laundering provisions, and compliance with Mexican financial authorities such as the National Banking and Securities Commission.
  • Regular, ongoing compliance services to brokerage firm Morgan Stanley, including annual legal review and the filing of reports before the NBSC.
  • Provides compliance and AML services to more than 60 ‘SOFOM’ financial entities, with a number of the firm’s lawyers acting as external compliance officers of non-banking financial institutions in Mexico, providing additional AML advice.
  • Ongoing compliance advice to Sura Group, including preparation of updated manuals and internal policies, particularly in relation to the group’s Afore funds and Afore insurance company in Mexico.
  • Provision of compliance services on an ongoing basis to securities broker SIF–ICAP (a Mexican Stock Exchange-backed inter-dealer), including regulatory matters and compliance reports for the Mexican financial authorities.

Von Wobeser y Sierra, SC

For some, Von Wobeser y Sierra, SC was ‘one of the first Mexican law firms to have ventured into the area of ​​anti-corruption and compliance, being one of the most recognized firms in this matter’. Certainly, dual-qualified (Mexico/New York) practice head Diego Sierra is regarded as a ‘pioneer’ in the field. Currently chair of Transparency International and Mexicanos Contra la Corrupción y la Impunidad, as well as head of the legal group of MéXXIco Libre de Corrupción, Sierra focuses on risk assessment and high-profile white-collar cases in Mexico, and also handles a variety of Foreign Corrupt Practices Act (FCPA) related matters. Indeed, the firm is frequently the co-counsel of choice for US firms undertaking international investigations in Mexico. The team has experience 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; as well as issues arising from interaction with public officials and self-reporting. Key support comes from 'phenomenal' counsel (as of January 2021), Pablo Fautsch, who has experience in both compliance and investigations.

Practice head(s):

Diego Sierra

Testimonials

It seems to me that Diego Sierra is outstanding and a pioneer in the compliance area in Mexico. His interaction with the ICC is what gives the firm  a great differentiator in compliance matters. The willingness to attend, the relationship with the ICC and civil society means that no one can compete like Von Wobeser.

Von Wobeser y Sierra is one of the first Mexican law firms to have ventured into the area of ​​anti-corruption and compliance, being one of the firms most recognized by my colleagues from anti-corruption associations in this matter. Being a full-practice office, they have a broad understanding of areas related to fighting corruption and have a clear vision and understanding of how companies operate and how to resolve disputes efficiently in the best interest of their clients.

The team is dynamic and has a response capacity that several offices I have worked with do not have, without leaving aside the quality, detail and depth of analysis in their work. The advice of Von Wobeser and Sierra over the years in pro-bono matters has been very important for the work we do in Mexicanos Contra la Corrupción y la Impunidad.’

Von Wobeser and Sierra’s anti-corruption and compliance area is led by Diego Sierra, an extraordinary lawyer educated both in Mexico and New York, where he is admitted to practice. Diego understands FCPA issues perfectly and reflects a deep understanding of cross-border issues. Diego also dedicates a large part of his time to fighting corruption from academia and civil society. To give a few examples, Diego is President of the Anti-Corruption Commission of the ICC Mexico, organizes the UP-ICC Anti-Corruption Diploma and has been involved in various anti-corruption reforms, in addition to pro-bono advice to Mexicanos Contra la Corruption and Impunity. Undoubtedly, the above would not be possible without the extraordinary team that Diego has formed through the years. To name a few names, I highlight Pablo Fautsch, a phenomenal senior associate who also has training in New York, as well as associates Juan Francisco Barrera and Amanda Ibañez.’

Key clients

Cinepolis

Anheuser Busch InBev

BHP Biliton

Freudenberg Group

Mitsubishi Power Systems

Grupo Bocar

National Football League

Thermo Fisher Scientific

Mx Farmaceutica

Cotemar

Work highlights

  • Advising Cinepolis on the drafting and implementation of its Global Code of Conduct, as well as on the drafting and implementation of its Corruption and Compliance Program.
  • Advised Teleflex on the review and amendment of its ethics code so as to ensure its code of conduct complies with Mexican anti-corruption regulations as well as Mexican pharmaceutical industry standards.
  • Undertook a risk assessment of Grupo Cotamar (and its subsidiaries’) operations in the oil and gas business in Mexico.
  • Ongoing advice to Thermo Fisher Scientific regarding anti-corruption issues in Mexico, especially in relation to its participation in public procurement processes.

Chávez Vargas Minutti Abogados

Chávez Vargas Minutti Abogados's 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 group is led by lawyers José Antonio Chávez and Brian Minutti and actuary Ricardo Velázquez, a former director general for investigation and international affairs at IPAB, Mexico's deposit insurance and resolution authority for credit organisations. The practice covers the spectrum of advice 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.

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

Creel, García-Cuéllar, Aiza y Enríquez, S.C.'s team excels in understanding ‘the needs of their clients’, offering a solid practice comprised of 'dynamic and comprehensive professionals who have a deep understanding of regulation’. Working with clients from a diverse range of industries including healthcare, consumer products, automotive and financial services, the firm's compliance and investigation team is led by Leonel Pereznieto (who also heads the insurance practice) and the banking and finance focused Narciso Campos. It handles corruption and white-collar investigations, anti-money laundering compliance, anti-corruption due diligence and compliance; and multi-sectoral compliance investigations and crisis management among other matters. Campos' prior roles include working as assistant secretary for banking, securities and savings at the Ministry of Treasury, a post that included the design and issuance of AML/CFT rules for financial institutions, as well as their interpretation. Additional key team members include banking and finance partner Eduardo Flores (a former CNBV vice president whose experience includes issues related to insider trading, market manipulation and fraud); and AML and compliance focused counsel Eduardo Apáez Dávila, formerly director general at Mexico's Financial Investigations Unit (UIF). Recent mandates have involved internal investigations, allegations of workplace harassment, anti-money laundering compliance and audits, and compliance due diligence.

Testimonials

Dynamic and comprehensive professionals who have a deep understanding of regulation, as well as its practical application in the day-to-day legal and regulatory affairs of the institutions they are acting for. Their service is elite and they are at the forefront of what similar offices handle.

They know how to listen to the needs of their clients, they take time to provide the best legal or regulatory advice and they share in a secure way, and keep the corresponding confidentiality, the best market practices that they have had to implement in the sector. They also help lobby issues with the authorities with whom they have a great relationship. I have worked with Eduardo Flores and Eduardo Apáez on issues of money laundering prevention.

They know the subject very well, serve the customer in a timely manner and are willing to resolve customer issues.

Galicia Abogados S.C.

The compliance unit – part of the larger regulatory practice group – at Galicia Abogados S.C. primarily handles day-to-day matters (internal policy design and implementation, training and manuals) and transactional compliance in relation to M&A, joint ventures, and government awards and procurement. It also undertakes defence and representation in investigations before entities including the FTI, Competition Commission and Federal Data Protection Institute, among others. The team is led by Carlos Chávez, who divides his practice between regulated market transactions and compliance and investigations. Fellow partner Humberto Pérez Rocha handles compliance and legal reporting issues related to the financial sector; while senior associate Lisandro Javier Herrera also handles compliance and reporting, in his case in relation to the life sciences sector, and participates in internal investigation matters. Recent matters include 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.

Greenberg Traurig, S.C.

Greenberg Traurig, S.C.'s Mexico City office fields an eight-strong 'white-collar and special investigations team', encompassing compliance, that demonstrates a comprehensive understanding of anti-money laundering investigations, fraud and anti-corruption compliance programs and particularly white-collar defense. Practice head Hugo López-Coll advises on FCPA and UK Bribery Act matters, on the OECD and UN conventions against corruption, as well as Mexico's local National Anti-Corruption System; he also undertakes internal – frequently multi-jurisdictional – investigations, risk and compliance assessments and program implementation. Recent matters have centered primarily on internal investigations, FCPA infringement, white-collar litigation, matters arising from OFAC listings and criminal defense, as well as anti-corruption matters related to market entry and cyber-fraud. Key support comes from experienced 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.

Practice head(s):

Hugo López-Coll

Testimonials

The team is highly professional with a broad sense of responsibility and partnership with clients; I highlight their follow-up and commitment.’

Key clients

Walmart

Work highlights

  • Currently designing, implementing and monitoring a global anti-corruption compliance program for Walmart in Mexico, Central America, Argentina, Brazil and Chile, among other countries; as well as litigating FCPA and corruption-related allegations, and providing due diligence assistance and the vetting  of third parties and vendors that will interact with government entities.

Jones Day

The eight-strong practice group at Jones Day handles anti-corruption and AML, 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. Regarded as ‘highly professional', and 'with a broad sense of responsibility’, the team is led by AML expert Guillermo E Larrea, currently vice-president of the Compliance Managers Commission at the Mexico chapter of the ICC. Additional partner-level engagement comes from Bertha Alicia Ordaz-Avilés. Recent matters include assisting Lesaffre's Mexican affiliates with anti-corruption and personal data protection matters, and Atento regarding a review of draft legislation that seeks to amend current personal data protection regulations; as well as advising on internal investigations, personal data protection compliance, and fraud and mismanagement matters. Young associate Juan Carlos Hernández Q is dedicated to cyber-security and data compliance matters.

Practice head(s):

Guillermo E Larrea

Testimonials

I’d highlight their follow-up and commitment. The team is highly professional with a broad sense of responsibility and partnership with its clients.

Key clients

Adidas Mexico

Cardinal Health

Grupo Proeza

Corporación Moctezuma

Adesa

Lesaffre

Atento

Centennial Towers

Work highlights

  • Advised Adidas Mexico on data and cyber-security issues across Latin America, as well as preparedness for data-driven issues and a comprehensive digital compliance program.
  • Advising Cardinal Health on regulatory and privacy matters in connection with its Mexico and Latin American operations, including: compliance obligations; the development and review of third-party relationships; the development of privacy policies and procedures; and consent forms for the protection of personal data.
  • Currently advising Grupo Proeza on the enhancement of its ‘Ethics and Compliance’ program, including anti-corruption, anti-money laundering, personal data protection and corporate criminal liability.
  • Advising Corporación Moctezuma concerning anti-money laundering compliance in accord with the self-regulation program issued by the Financial Intelligence Unit in Mexico; and conducting an ongoing risk assessment compliance program so as to prevent corporate liabilities in Mexico.
  • Assisted Adesa with internal investigations; the team continues to advise the client on anti-money laundering and data protection compliance.

OCA Law Firm

OCA Law Firm is a small and highly specialized 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 specialization. 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 defense 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. However, senior advisor Hugo Granja returned to Colombia in August 2019 to establish Granja & Velasco Abogados.

Practice head(s):

Luis F Ortiz

Testimonials

Luis is very organized and straightforward in his orientation and comments. He has a deep knowledge of compliance themes, which means that he understands where the real problems are, and this kind of approach is very important when you are working on a multi-jurisdictional project. Finally, I think that it is important to say that he is very accessible – whenever you need to talk to him, he is available.

White & Case S.C.

White & Case S.C. has a ‘strong team with excellent response capacity and service time’, and is ‘highly recognized for its regulatory knowledge and how the regulator thinks', according to clients. The practice is co-led by Maria Teresa Fernández-Labardini (‘without a doubt, a benchmark in compliance issues in the financial industry'), Juan Antonio Martín, Enrique Espejel and Vicente Corta and 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. Fernández-Labardini is a go-to figure on finance regulatory matters; her past experience includes roles as general technical director, secretary of the board of governors and vice president of regulatory affairs at the National Banking and Securities Commission, and she is also a former executive secretary/managing director of the Institute for the Protection of Bank Savings (IPAB). Martín also focuses on the financial sector (primarily fintech, payment systems/electronic banking, AML/KYC matters and outsourcing), as does Corta; while Espejel handles white-collar matters, including internal investigations and representing relevant parties in civil matters involving fraud, accounting and regulatory issues.

Testimonials

Strong team with excellent response capacity and service time. Teresa Fernandez: without a doubt, a benchmark figure in compliance issues in the financial industry. She is a very solid lawyer and knowledgeable in detail on regulatory issues; very aware of costs and time constraints.

In addition to being excellent, they have regulatory knowledge and know how the regulator thinks! Which gives them an advantage over any other firm in Mexico. The commitment to customer success is outstanding. I am delighted with them. It has the most robust and best prepared team in Latin America. The lawyers are careful, diligent, and take exceptional care of people and their business.

Key clients

The Vanguard Group

Work highlights

  • Advising Vanguard Group on financial regulatory matters applicable to Vanguard’s activities in Mexico, including the offer of ETFs and other investment vehicles to institutional investors; as well as regulatory review of the clients’ management of, and investments in, securities and funds.

Basham, Ringe y Correa, S.C.

Traditional full-service player Basham, Ringe y Correa, S.C. houses a broad compliance practice that advises on matters ranging from transactional regulatory compliance, risk assessments and training, to internal investigations, third-party assessments and preventative and corrective measures. It also advises on matters related to FCPA and the UK Bribery Act, of late frequently co-counselling on international matters with UK firm Eversheds Sutherland (International) LLP. 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 designing and implementing a 'self-regulation' program for compliance with the Mexican anti-money-laundering requirements, compliance training, and compliance audits, analysis and reporting. However, former senior associate Julio Copo, who focuses on public law and life sciences, moved to Mañón Quintana Abogados in March 2020.

González Calvillo, SC

Luis Felipe Mancera de Arrigunaga (who has high-level expertise regarding government procurement, public-servant accountability, anti-corruption, AML, compliance, tax compliance and consumer protection) heads the practice at González Calvillo, SC, which handles large and sensitive internal investigations regarding compliance matters for various clients, as well as anti-bribery and anti-money laundering (AML) investigations, preventive and corrective compliance strategies, and litigation matters, among others. Key support comes from experienced senior associate Paula Boustani, who has experience across compliance, AML and anti-corruption – particularly in relation to the energy sector, having previously worked in-house at IEnova's Corporate Ethics Directorate. Recent matters include internal procedure review, administrative procedures for implementing integrity policy, AML, and anti-bribery auditing and internal investigations – particularly in relation to the financial sector. However, 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

Key clients

Atlantica Yield

Veolia

Estafeta Mexico

IKEA

Mercury Air

Hogan Lovells

The local Mexican office of international firm Hogan Lovells has seen considerable growth in its compliance practice over the last few years, and the ten-strong practice today advises on matters ranging from targeted investigations to compliance implementation audits and training in relation to Mexico's anti-corruption system. The practice is led by a senior group consisting of managing partner Juan Francisco Torres LandaCarlos Ramos Miranda  and Federico De Noriega, all corporate and finance practitioners (De Noriega has particular expertise in data privacy issues, including data processing, data transfers and security breaches); and experienced contentious partner Luis Enrique Graham, who has expertise in 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 specialized support of the firm's cross-office investigations, white-collar and fraud group. Recent matters include risk assessment and best practice implementation; public-sector-negotiation training; internal investigations and forensic analytics; and sensitive advice related to a potential US foreign trade regulations infringement. Key support comes from Mauricio Fuchs Tarlovsky, who was appointed counsel in January 2020; and associates Julio Zugasti (compliance and government contracts) and Karina Galicia are also active in the area.

Key clients

Ford

MasterPeace

Univision

Work highlights

  • Advice related to the connectivity of Ford automobiles, focusing on telecoms, privacy and data protection; including a review of the implications of collecting and sharing the data involved with the use of remote and automated technologies in light of the ‘Internet of Things’ and current applicable laws in Mexico. 
  • Advised Masterpeace on the implementation of internal privacy practices in the company in accordance with Mexican legislation.
  • Advised Univision on an internal audit and a subsequent compliance training plan involving reinforcement of the company’s code of conduct and the implementation of global policies adjusted to the local situation.

Mijares, Angoitia, Cortés y Fuentes S.C.

Mid-2018 hire Gabriel Calvillo heads the corporate liability and criminal compliance practice at Mijares, Angoitia, Cortés y Fuentes S.C., which sits within the firm's broader global investigations group, which also includes members of labor and litigation teams. The team handles both prevention programs and defense 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 is a former head of the specialized 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 co-leads the department with labor practice head Claudio Jiménez, who handles the employment and labor liability aspects of the practice. Recent matters include the design and implementation of criminal compliance programs; risk assessment and criminal litigation and defense procedures; an environmental compliance audit on behalf of an energy-sector client; anti-corruption compliance audits; and training related to the national anti-corruption system. Key associate Claudia Aguilar handles criminal defense in federal and state litigation nationwide (primarily in relation to financial and environmental crime, corruption, money laundering and hydrocarbons), as well as the design and implementation of compliance programs, and compliance advice concerning criminal risk.

Practice head(s):

Claudio Jiménez

Nader, Hayaux y Goebel, SC

The compliance practice at Nader, Hayaux y Goebel, SC has a strong focus on anti-money laundering, data protection, consumer protection regulation and anti-corruption. The team is led by corporate and antitrust practitioner Alejandro Mendiola D, who has over 20 years' experience of anti-corruption matters. The June 2019 hire of tax practitioner Ángel Escalante Carpio, a CNBV-certified anti-money laundering and counter-terrorism financing specialist, fundamentally consolidated the practice which can also call on further senior partner involvement, including that of Michell Nader Schekaiban (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). Recent matters include regulatory advice regarding clients' anti-money laundering monitoring and compliance programs; compliance and regulatory due diligence; administrative defense proceedings before insurance regulator CNSF; and operation compliance platforms and matrix, among other matters.

Practice head(s):

Alejandro Mendiola Díaz

Cuesta Campos y Asociados S.C.

Cuesta Campos y Asociados S.C. has a solid compliance practice, valued for its ‘professionalism and response times’, and which combines knowledge of anti-money laundering, risk management and anti-corruption investigations. Practice director and senior associate Andrés Urquidi is the key contact – his expertise extends into capital markets and government procurement matters in particular. Senior support comes from managing partner Hugo Cuesta, a well-reputed corporate finance practitioner. Recent matters include compliance due diligence, particularly with regard to AML matters; analysis of compliance obligation fulfillment and auditing; the preparation of training programs; and the analysis of electronic-signature usage in relation to compliance issues. The practice also consults on matters such as drafting compliance protocols and anti-corruption and confidentiality policies.

Practice head(s):

Andrés Urquidi

Testimonials

I’d highlight their professionalism and response times. Berenice Soto is always friendly and professional, and her comments are invaluable.

Key clients

Covestro

Corteva

Compas

Luxoft

IPCO

Decathlon

Quest Integrity Group

Natura

Apex North America

Converse

Work highlights

  • Advised Covestro on a revision and analysis of operations to identify the activities subject to established AML obligations under Mexican law; the team is currently expanding the company’s anti-money-laundering policies.
  • Advised Luxoft in regard to the implementation of its global data and information management policy, as well as advice on the modification of documents so as to ensure enforceability in Mexico.
  • Undertook due diligence on Corteva Agriscience from a compliance perspective, including files and transactions, in order to determine the fulfillment of its 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 and corporate government 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.

Key clients

Ingenics

The Henson Group / HGSM

Good Foods Group

Tata Steel International (Americas) / Tata Steel Mexico

To Be a Wedding Planner

Litobel

Work highlights

  • Design of internal compliance code of conduct for the Mexican subsidiaries of Ingenics, Henson Group, Good Foods Group and Tata Steel – among others – in accordance with applicable anti-bribery laws in Mexico, including follow-up on internal compliance with respect to data privacy matters.

Ritch, Mueller, Heather y Nicolau, S.C.

Ritch, Mueller, Heather y Nicolau, S.C. undertakes anti-corruption investigations, risk management and corporate governance for a wide range of industries, notably real estate, hydrocarbons, and banking and finance. Senior partner Thomas Heather has long had a relatively sub-rosa participation in anti-corruption, compliance and investigations-related matters, drafting key business chamber CCE's code of ethics and business integrity, for instance (which has come to be seen as a private sector 'agreed standard'); as well as conducting complex white-collar investigations, and developing anti-corruption policies and AML manuals, among other matters. Key support comes from senior associate Marta Loubet – an antitrust specialist whose practice includes regulatory matters. However, the team suffered a significant loss with the departure of former practice co-head Luis Danton Martinez Corres, who left to open his own specialist boutique, Litigio Estratégico y Compliance, S.C., in September 2020. Furhtermore, since publication, Heather has moved to Creel, García-Cuéllar, Aiza y Enríquez, S.C.  as of counsel, effective as of mid-January 2021.

Sánchez Devanny

Sánchez Devanny offers a solid compliance practice with extensive expertise in corporate internal investigations, anti-corruption regulations and anti-money laundering investigations. The 12-strong practice, led by Humberto Morales-Barron, José Alberto Campos and Daniel Maldonado-Alcantara (in Monterrey, Mexico City and Queretaro, respectively), 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. Additionally, the regulatory/compliance group represents clients during administrative proceedings, inspections and litigation, including sanctions, closures and product seizures.