About
Monex S.A.P.I.

Compliance

We take our responsibilities towards regulatory authorities and our clients very seriously, given the significant amounts of third-party financial assets we consistently hold in custody.

Our subsidiaries classified as financial entities are strictly regulated and subject to periodic reviews by the Ministry of Finance and Public Credit (SHCP), the Bank of Mexico, and are under the supervision and oversight of the National Banking and Securities Commission (CNBV) in Mexico. Our foreign subsidiaries are regulated by the respective financial authorities in the countries where they operate. Additionally, our subsidiaries are required to submit periodic financial reports (monthly, quarterly, and annual) promptly to these authorities.

Monex is authorized to operate in Mexico as a Bank, Brokerage House, Fund Manager, and Financial Group; in the United States as a Broker-Dealer, Investment Advisor, and licensed Money Transmitter in all states; in Canada as a Money Services Business; and in the United Kingdom, Canada, Spain, Singapore, and the Netherlands as both payment institutions and securities firms, depending on the specific focus of each company.

As a Financial Group, we comply with the Law Regulating Financial Groups, the regulations issued by the Ministry of Finance and Public Credit (SHCP) pursuant to this law, and the provisions issued by the National Banking and Securities Commission (CNBV).

Banco Monex is subject to the Credit Institutions Law, the Single Banking Circular, and regulations issued by the Bank of Mexico and the CNBV.

Monex Casa de Bolsa is primarily regulated by the Securities Market Law, the Single Circular for Brokerage Houses, the regulations issued by the CNBV, the self-regulatory rules issued by the Mexican Association of Securities Institutions (AMIB), and the regulations issued by the Bank of Mexico in the exercise of certain powers, such as those related to foreign exchange operations.

Monex Operadora de Fondos and our investment funds are regulated by the Investment Funds Law, the Single Circular for Investment Funds, the regulations issued by the CNBV, as well as the self-regulatory standards issued by AMIB.

Monex Securities and Monex Asset Management are subject to various federal and state laws regulating financial intermediaries in the United States, as well as rules established by the Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory organization. Both entities are registered with the Securities and Exchange Commission (SEC). Additionally, Monex Asset Management obtained its federal registration in 2021, replacing the previous local supervision, which reflects the confidence of U.S. authorities in our companies.

Monex USA is registered with the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, as a Money Services Business (MSB). Consequently, it is subject to the Bank Secrecy Act contained in the Code of Federal Regulations, which requires every MSB to develop, implement, and maintain a risk-based anti-money laundering program. Monex USA fully complies with these requirements and holds state licenses throughout the United States.

Monex Europe Limited and Monex Europe Markets Limited are regulated and supervised by the Financial Conduct Authority (FCA), the regulatory body overseeing the financial services industry in the United Kingdom, in accordance with the Payment Services Regulations 2017 currently in force. The companies in Madrid (Monex Europe SL and Monex Europe Markets, SV SAU) are authorized by the Bank of Spain as well as by the National Securities Market Commission (CNMV), and their branches in Amsterdam hold the licenses and authorizations required by the authorities in the Netherlands.

Monex Canada is authorized by the Office of the Superintendent of Financial Institutions (OSFI), part of Canada’s Ministry of Finance, and is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the Canadian government agency responsible for anti-money laundering oversight, among other duties.

MonFX Pte is established in the Republic of Singapore as a payment institution and a capital company, supervised by the Monetary Authority of Singapore (MAS).