KYC requirements in Mexico

This page lists what Fintoc’s Know Your Customer (KYC) review requires from a commercial company incorporated in Mexico, so you can gather everything before you start. Fintoc runs this review on commercial companies incorporated in Mexico only. For Chilean companies, see KYC requirements in Chile.

Company documents

Each file can be up to 20 MB, and company documents must be in PDF. Upload these documents:

Document	What it must show
Constancia de Situación Fiscal	The company’s tax status with the Servicio de Administración Tributaria (SAT). Fintoc accepts a certificate issued within the last three months.
Acta constitutiva	The incorporation of the company.
Estructura accionaria vigente	The company’s current shareholding structure, as recorded in a public instrument.
Comprobante de domicilio	The company’s address. Fintoc accepts a document issued within the last three months.
Estado de cuenta	The bank account where Fintoc settles your funds. Fintoc accepts a statement issued within the last three months.

People documents

Fintoc identifies the person who signs the contract and the individuals who ultimately own the company. Upload these documents:

Document	What it must show
Identity document of the legal representative	The valid identity document of the legal representative who signs the contract.
Poder del representante legal	The public instrument that grants powers to the legal representative.
Identity document of each beneficial owner	The valid identity document of every individual shareholder that holds more than 25% of the company, directly or indirectly. Upload one file per shareholder.

Upload either both sides of the voter ID card or the passport for each identity document.

Details you provide

Fintoc reads the company details from the documents you upload, and you confirm or correct them in the form. You provide these details:

Contact: full name, corporate email address, and phone number of the person who completes the form. Fintoc validates the email address before you continue.
Company: Mexican tax ID (RFC) including the homoclave, date of incorporation, serial number of the certificate, business activity, address, and address type.
Settlement account: the 18-digit standardized Mexican bank account number (CLABE) where Fintoc settles your funds.
Legal representative: full name, nationality, voter ID number or passport number, and position in the company.
Shareholding structure: name, type of person, and participation percentage of every shareholder. When a company holds more than 25% of your company, you also declare that shareholder’s own shareholding structure.

Additional questions

You also answer questions that no document covers. Each answer comes from a fixed list of options:

Source of funds: where the company’s income comes from.
Estimated monthly volume: the amount in Mexican pesos you expect to move each month.
Estimated monthly operations: the number of transactions you expect each month.
Use of the account: the option that best describes your operation.
Registration as a Vulnerable Activity for virtual assets: whether the SAT registers the company as a Vulnerable Activity for buying, selling, holding, or exchanging virtual assets. This registration is defined in article 17, section XVI of Mexico’s anti-money-laundering law. Fintoc does not open accounts for companies with this registration.

What’s next

KYC requirements in Chile if you also operate in Chile.
Onboard an entity by API to run the KYC review of the Mexican Entity objects you open for your clients.

​Company documents

​People documents

​Details you provide

​Additional questions

​What’s next

Company documents

People documents

Details you provide

Additional questions

What’s next