Mexico – DP Beneficial Owners Disclosure

Mexico – DP Beneficial Owners Disclosure

On 25 October 2022, MEX DP published beneficial owner data requirements.

  • MEX DP published agreement through which the minimum essential information on beneficial owners was approved, which will serve as criteria for its disclosure.


  • In June 2018, reforms to the General Law of Commercial Companies were published.
  • Requiring corporations and limited liability companies submit a notice to the Ministry of Economy about changes in their shareholding / beneficial ownership structure.
  • This measure was meant to comply with the FATF recommendations on legal, regulatory and operational measures to combat money laundering, terrorist financing.
  • The anonymity of the person who ultimately controls and benefits economically from a legal vehicle allows various illegal activities to take place in a hidden manner.
  • Such legal entities include commercial company, trust, foundation, among others.
  • MEX DP INAI, in December 2021, was charged with issuing a technical opinion on the set of data that would allow for the identification and disclosure of final beneficiaries.
  • It delivered its opinion on 31 March 2022 which identifies various criteria on publication of personal data to legal structures that are related to the government.
  • It is now necessary for MEX DP to approve the data that it considers can be made public, through a public interest test, while complying with protection of personal data.

Agreement Highlights

  • The Agreement approves minimum essential data on final beneficiaries, which will serve as criteria for their disclosure, in accordance with the Annex to the Agreement.
  • Data is contained in different databases and pertains to natural persons or legal persons, who are the final beneficiaries of commercial and civil legal entities.


  • Agreement shall enter into force on the day following its publication in official gazette.