{
 "jurisdiction_id": "US-NM",
 "jurisdiction": "United States – New Mexico",
 "url": "https://payments.gi/jurisdictions/united-states-new-mexico/",
 "generator": "render_jid v13.3.0",
 "date_modified": "2026-08-11",
 "schema_version": "world-payments-v1",
 "counts": {
  "modules": 14,
  "sourced_findings": 62,
  "source_register": 152
 },
 "modules": [
  {
   "code": "W1a",
   "name": "Licensing, Authorisation & Market Access",
   "confidence": "Confirmed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w1a-licensing-authorisation-market-access",
   "standing_position": "New Mexico operates a dual federal/state money-transmission regime under the Uniform Money Services Act (NMSA 1978 Section 58-32), administered by the Financial Institutions Division, with no state-specific EMI regime.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "statute",
     "source": "https://www.rld.nm.gov/uploads/files/New%20Mexico%20Uniform%20Money%20Services%20Act.pdf",
     "source_url": "https://www.rld.nm.gov/uploads/files/New%20Mexico%20Uniform%20Money%20Services%20Act.pdf",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "licensing_regime",
     "source": "https://www.rld.nm.gov/financial-institutions/who-we-regulate/money-services-businesses/",
     "source_url": "https://law.justia.com/codes/new-mexico/chapter-58/article-32/article-2/section-58-32-203/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "statute",
     "source": "https://law.justia.com/codes/new-mexico/chapter-58/article-32/article-2/section-58-32-203/",
     "source_url": "https://law.justia.com/codes/new-mexico/chapter-58/article-32/article-2/section-58-32-203/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "net_worth_requirement",
     "source": "https://moneytransmitterlaw.com/cryptocurrency-state-laws/new-mexico/",
     "source_url": "https://law.justia.com/codes/new-mexico/chapter-58/article-32/article-2/section-58-32-203/",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "regulatory_guidance",
     "source": "https://moneytransmitterlaw.com/cryptocurrency-state-laws/new-mexico/",
     "source_url": "https://law.justia.com/codes/new-mexico/chapter-58/article-32/article-2/section-58-32-203/",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "statute",
     "source": "https://law.justia.com/codes/new-mexico/chapter-58/article-32/article-2/section-58-32-201/",
     "source_url": "https://law.justia.com/codes/new-mexico/chapter-58/article-32/article-2/section-58-32-203/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "renewal_cycle",
     "source": "https://www.bondexchange.com/new-mexico-money-transmitter-bond-a-comprehensive-guide/",
     "source_url": "https://law.justia.com/codes/new-mexico/chapter-58/article-32/article-2/section-58-32-203/",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W1b",
   "name": "Conduct, Safeguarding & Financial Promotions",
   "confidence": "Confirmed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w1b-conduct-safeguarding-financial-promotions",
   "standing_position": "NM safeguarding mechanism is the statutory security instrument (surety bond/LC) under NMSA 58-32-203, not segregation/trust; general conduct backstop via Unfair Practices Act and Data Breach Notification Act.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "safeguarding_mechanism",
     "source": "https://law.justia.com/codes/new-mexico/chapter-58/article-32/article-2/section-58-32-203/",
     "source_url": "https://law.justia.com/codes/new-mexico/chapter-58/article-32/article-2/section-58-32-203/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "supervisory_posture",
     "source": "https://www.rld.nm.gov/financial-institutions/",
     "source_url": "https://www.constangy.com/data-privacy-us-nm",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "conduct_statute",
     "source": "https://law.justia.com/codes/new-mexico/chapter-57/article-12/section-57-12-3/",
     "source_url": "https://www.constangy.com/data-privacy-us-nm",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "information_security_standard",
     "source": "https://www.constangy.com/data-privacy-us-nm",
     "source_url": "https://www.constangy.com/data-privacy-us-nm",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "exemption",
     "source": "https://www.dwt.com/gcp/states/new-mexico",
     "source_url": "https://www.constangy.com/data-privacy-us-nm",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "enforcement",
     "source": "https://caseguard.com/articles/new-data-breach-legislation-in-the-state-of-new-mexico/",
     "source_url": "https://www.constangy.com/data-privacy-us-nm",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W2",
   "name": "Stablecoins & Digital Money",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w2-stablecoins-digital-money",
   "standing_position": "No dedicated NM stablecoin statute; federal GENIUS Act permitted-issuer regime governs, implementing rulemaking due 2026-07-18, no NM state-qualified-issuer program identified.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "regulatory_guidance",
     "source": "https://moneytransmitterlaw.com/cryptocurrency-state-laws/new-mexico/",
     "source_url": "https://moneytransmitterlaw.com/cryptocurrency-state-laws/new-mexico/",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "state_survey",
     "source": "https://www.americascreditunions.org/blogs/compliance/genius-stable-and-clarity-acts-and-state-laws",
     "source_url": "https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-9a.pdf",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "federal_statute",
     "source": "https://www.gibsondunn.com/the-genius-act-a-new-era-of-stablecoin-regulation/",
     "source_url": "https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-9a.pdf",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "federal_rulemaking",
     "source": "https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-9a.pdf",
     "source_url": "https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-9a.pdf",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W3",
   "name": "Operational Resilience & Critical Infrastructure",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w3-operational-resilience-critical-infrastructure",
   "standing_position": "No standalone NM operational-resilience regime; federal FFIEC/GLBA/NCUA baseline applies.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "incident_reporting_rule",
     "source": "https://ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/cyber-incident-notification-requirements",
     "source_url": "https://ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/cyber-incident-notification-requirements",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "supervisory_framework",
     "source": "https://www.wirednm.com/wired-blog/financial-institution-security-requirements-new-mexico",
     "source_url": "https://ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/cyber-incident-notification-requirements",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "state_backstop",
     "source": "https://www.constangy.com/data-privacy-us-nm",
     "source_url": "https://ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/cyber-incident-notification-requirements",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "supervisory_posture",
     "source": "https://www.rld.nm.gov/financial-institutions/",
     "source_url": "https://ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/cyber-incident-notification-requirements",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W4",
   "name": "Scheme & Network Compliance",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w4-scheme-network-compliance",
   "standing_position": "Credit-card surcharging permitted with no state cap; debit surcharging federally prohibited; HB 476 interchange bill's enactment status is contested/unconfirmed.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "surcharge_regime",
     "source": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/credit-card-surcharge-laws-by-state/",
     "source_url": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/credit-card-surcharge-laws-by-state/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "federal_preemption",
     "source": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/new-mexico-credit-card-surcharge-laws/",
     "source_url": "https://www.roadrunnercapitol.com/legislation-public.php?legislation_id=1064",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "statute",
     "source": "https://law.justia.com/codes/new-mexico/chapter-6/article-10/section-6-10-1-2/",
     "source_url": "https://www.roadrunnercapitol.com/legislation-public.php?legislation_id=1064",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "pending_legislation",
     "source": "https://www.roadrunnercapitol.com/legislation-public.php?legislation_id=1064",
     "source_url": "https://www.roadrunnercapitol.com/legislation-public.php?legislation_id=1064",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "pending_legislation",
     "source": "https://www.roadrunnercapitol.com/legislation-public.php?legislation_id=1064",
     "source_url": "https://www.roadrunnercapitol.com/legislation-public.php?legislation_id=1064",
     "source_tier": "2",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W5",
   "name": "Payment Corridor Dynamics",
   "confidence": "Possible",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w5-payment-corridor-dynamics",
   "standing_position": "No NM-specific corridor/remittance regime; general MSB licensing and federal Reg E rules apply, including any US-Mexico exposure.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "regime_scope",
     "source": "https://www.rld.nm.gov/financial-institutions/who-we-regulate/money-services-businesses/",
     "source_url": "https://www.rld.nm.gov/financial-institutions/who-we-regulate/money-services-businesses/",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W6",
   "name": "Industry Structure & Commercial Dynamics",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w6-industry-structure-commercial-dynamics",
   "standing_position": "NM payments-adjacent market is bank/credit-union led (~16,000 FID-regulated entities), with credit unions active in national consolidation wave including cannabis-banking-driven deals.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "market_structure",
     "source": "https://www.rld.nm.gov/financial-institutions/",
     "source_url": "https://www.americanbanker.com/news/deal-in-new-mexico-lifts-credit-union-bank-merger-tally-to-14",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "market_consolidation",
     "source": "https://www.americanbanker.com/news/deal-in-new-mexico-lifts-credit-union-bank-merger-tally-to-14",
     "source_url": "https://www.americanbanker.com/news/deal-in-new-mexico-lifts-credit-union-bank-merger-tally-to-14",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "niche_market_segment",
     "source": "https://www.sfreporter.com/news/2022/06/29/the-color-of-money/",
     "source_url": "https://www.americanbanker.com/news/deal-in-new-mexico-lifts-credit-union-bank-merger-tally-to-14",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "venture_ecosystem",
     "source": "https://www.ellty.com/blog/new-mexico-investors",
     "source_url": "https://www.americanbanker.com/news/deal-in-new-mexico-lifts-credit-union-bank-merger-tally-to-14",
     "source_tier": "4",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W7",
   "name": "Legal & Litigation",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w7-legal-litigation",
   "standing_position": "Active three-way federal-state jurisdictional conflict: NM sued Kalshi (2026-06-04); CFTC/DOJ sued NM (2026-06-12); Polymarket sued NM (2026-06-30), all over prediction-market/gaming-law preemption.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "litigation",
     "source": "https://sbcamericas.com/2026/07/02/polymarket-sues-new-mexico/",
     "source_url": "https://nmdoj.gov/press-release/attorney-general-raul-torrez-files-lawsuit-against-kalshi-to-protect-new-mexico-consumers-and-preserve-new-mexico-gaming-laws/",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "litigation",
     "source": "https://sbcamericas.com/2026/07/02/polymarket-sues-new-mexico/",
     "source_url": "https://www.abqjournal.com/business/feds-seek-to-thwart-new-mexico-suit-against-kalshi/3064547",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "enforcement_authority",
     "source": "https://www.consumerservicesguide.org/articles/csg_attorney_general_new_mexico",
     "source_url": "https://sbcamericas.com/2026/07/02/polymarket-sues-new-mexico/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "multistate_enforcement",
     "source": "https://nmdoj.gov/press-release/attorney-general-raul-torrez-announces-general-49-5-million-multistate-settlement-with-blackbaud-for-data-breach-impacting-thousands-of-nonprofits-and-millions-of-consumers/",
     "source_url": "https://sbcamericas.com/2026/07/02/polymarket-sues-new-mexico/",
     "source_tier": "2",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W8",
   "name": "Merchant Acquiring & Risk",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w8-merchant-acquiring-risk",
   "standing_position": "NM merchant acquiring follows federal/card-network baseline; cannabis businesses face enhanced due diligence and elevated processing costs as the clearest high-risk-merchant case.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "surcharge_regime",
     "source": "https://ebizcharge.com/blog/credit-card-surcharging-a-state-by-state-legal-analysis/",
     "source_url": "https://newmexicostatecannabis.org/business/banking",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "high_risk_merchant_treatment",
     "source": "https://newmexicostatecannabis.org/business/banking",
     "source_url": "https://newmexicostatecannabis.org/business/banking",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "merchant_onboarding_risk",
     "source": "https://www.santafenewmexican.com/news/local_news/marijuana-industry-has-only-a-couple-banking-options-in-new-mexico/article_225568f2-2aab-11ec-bc65-e7f465f369f5.html",
     "source_url": "https://newmexicostatecannabis.org/business/banking",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "interchange_regime",
     "source": "https://ebizcharge.com/blog/credit-card-surcharging-a-state-by-state-legal-analysis/",
     "source_url": "https://newmexicostatecannabis.org/business/banking",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W9",
   "name": "Product Innovation & Market Development",
   "confidence": "Possible",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w9-product-innovation-market-development",
   "standing_position": "No NM state fintech sandbox/innovation office; firms rely on federal CFPB/OCC innovation channels.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "federal_alternative",
     "source": "https://www.congress.gov/crs-product/R46333",
     "source_url": "https://www.congress.gov/crs-product/R46333",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "state_capital_program",
     "source": "https://www.fintechweekly.com/magazine/articles/new-mexico-quantum-computing-315-million-investment",
     "source_url": "https://www.congress.gov/crs-product/R46333",
     "source_tier": "4",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W10",
   "name": "Consumer Protection & APP Fraud",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w10-consumer-protection-app-fraud",
   "standing_position": "Consumer protection runs through the Unfair Practices Act and Data Breach Notification Act; no dedicated APP fraud reimbursement regime, Reg E defaults apply.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "consumer_protection_statute",
     "source": "https://bradleylawnm.com/practice/consumer-fraud-and-protection/",
     "source_url": "https://www.rld.nm.gov/financial-institutions/who-we-regulate/money-services-businesses/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "enforcement_body",
     "source": "https://nmdoj.gov/about-the-office/consumer-affairs/",
     "source_url": "https://www.rld.nm.gov/financial-institutions/who-we-regulate/money-services-businesses/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "civil_penalty",
     "source": "https://pubs.nmsu.edu/_g/G224/index.html",
     "source_url": "https://www.rld.nm.gov/financial-institutions/who-we-regulate/money-services-businesses/",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "consumer_notification_right",
     "source": "https://caseguard.com/articles/new-data-breach-legislation-in-the-state-of-new-mexico/",
     "source_url": "https://www.rld.nm.gov/financial-institutions/who-we-regulate/money-services-businesses/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "absent_regime",
     "source": "https://www.rld.nm.gov/financial-institutions/who-we-regulate/money-services-businesses/",
     "source_url": "https://www.rld.nm.gov/financial-institutions/who-we-regulate/money-services-businesses/",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W11",
   "name": "AML/CFT & Financial Crime",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w11-aml-cft-financial-crime",
   "standing_position": "NM MSBs subject to standard FinCEN/BSA obligations; cannabis-related-business banking is the state's most distinctive AML/CFT exposure under FinCEN's 2014 BSA guidance.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "sentinel.sar_landscape",
     "source": "https://www.santafenewmexican.com/news/local_news/marijuana-industry-has-only-a-couple-banking-options-in-new-mexico/article_225568f2-2aab-11ec-bc65-e7f465f369f5.html",
     "source_url": "https://surety1.com/bond_info/new-mexico-money-transmitter-bond/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": "NM sits under the federal BSA/AML/CFT framework (FinCEN, OFAC) as a southwest-border state, with state-level MSB/money-transmitter licensing via the NM Uniform Money Services Act administered by the Regulation and Licensing Department's Financial Institutions Division. Tribal gaming (multiple Pueblo/Navajo/Apache casinos) is BSA-covered as a cash-intensive sector. Federal 2025-26 CTA rollback removed domestic beneficial-ownership reporting, and NM has no state BO registry to compensate.",
     "instrument_type": "assessment",
     "source": "FIM (sentinel.gi) per-JID baseline profile — United States — New Mexico",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": "Southwest Border GTO expiration/renewal decision",
     "instrument_type": "regulatory_horizon",
     "source": "FIM (sentinel.gi) regulatory_horizon_register (issue FIM-BASE-HRZ-001)",
     "source_url": null,
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": "Gap: sourcing-thinness",
     "instrument_type": "gap",
     "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-004)",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": "Enforcement: FinCEN — US financial institutions handling cartel fuel-smuggling proceeds",
     "instrument_type": "enforcement_action",
     "source": "FIM (sentinel.gi) enforcement_action_register (issue FIM-BASE-ENF-005)",
     "source_url": null,
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": "Sanctions: OFAC listing",
     "instrument_type": "sanctions_change",
     "source": "FIM (sentinel.gi) sanctions_change_register (issue FIM-BASE-SANC-002)",
     "source_url": null,
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": "Enforcement: FinCEN — Money services businesses in New Mexico (Bernalillo, Doña Ana, San Juan counties) and other southwest border counties",
     "instrument_type": "enforcement_action",
     "source": "FIM (sentinel.gi) enforcement_action_register (issue FIM-BASE-ENF-001)",
     "source_url": null,
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": "Gap: regulatory-failure",
     "instrument_type": "gap",
     "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-003)",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": "Gap: enforcement-absence",
     "instrument_type": "gap",
     "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-002)",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W12",
   "name": "Correspondent Banking, Settlement & Access",
   "confidence": "Assessed",
   "moved_this_cycle": true,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w12-correspondent-banking-settlement-access",
   "standing_position": "A live federal-state jurisdictional fight is testing whether nationally-distributed CFTC-registered event-contract platforms fall inside or outside New Mexico's state gaming/payments-licensing perimeter.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "de_risking",
     "source": "https://www.sfreporter.com/news/2022/06/29/the-color-of-money/",
     "source_url": "https://www.sfreporter.com/news/2022/06/29/the-color-of-money/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "access_cost",
     "source": "https://www.sfreporter.com/news/2022/06/29/the-color-of-money/",
     "source_url": "https://www.sfreporter.com/news/2022/06/29/the-color-of-money/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "regulatory_coordination",
     "source": "https://www.sfreporter.com/news/2022/06/29/the-color-of-money/",
     "source_url": "https://www.sfreporter.com/news/2022/06/29/the-color-of-money/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "absent_regime",
     "source": "https://www.rld.nm.gov/financial-institutions/",
     "source_url": "https://www.sfreporter.com/news/2022/06/29/the-color-of-money/",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W13",
   "name": "Commercial Intelligence & Fintech",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-new-mexico/#w13-commercial-intelligence-fintech",
   "standing_position": "U.S. Eagle FCU's acquisition of Southwest Capital Bank is NM's most significant payments-adjacent commercial event in the trailing 12 months.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "commercial_event",
     "source": "https://www.bankingdive.com/news/credit-union-bank-acquisitions/719045/",
     "source_url": "https://www.bankingdive.com/news/credit-union-bank-acquisitions/719045/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "commercial_event",
     "source": "https://www.ellty.com/blog/new-mexico-investors",
     "source_url": "https://www.bankingdive.com/news/credit-union-bank-acquisitions/719045/",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "commercial_event",
     "source": "https://www.fintechweekly.com/magazine/articles/new-mexico-quantum-computing-315-million-investment",
     "source_url": "https://www.bankingdive.com/news/credit-union-bank-acquisitions/719045/",
     "source_tier": "4",
     "retrieved_at": null
    }
   ]
  }
 ]
}