Financial Intelligence Unit Issues Information Request to Foreign Exchange Entities
The measure aims to guarantee traceability, transparency, and supervision of the sector's operations.
On September 8, 2023, the Financial Intelligence Unit (UIF) issued Resolution No. 174/2023, establishing that, following the deficiencies detected in the systems for preventing money laundering and financing of terrorism (PLA/FT) during the supervision procedures the UIF carried out, an information request will be sent to the foreign exchange entities that access the electronic trading system "SIOPEL" of Mercado Abierto Electrónico SA.
The information the UIF requested mainly focuses on the operations carried out between September 2022 and August 2023. The reporting entity’s identification data, shareholders, and compliance officer, among others, must also be reported.
The reply to the request must be sent to the UIF before October 6, 2023, through the Transaction Reporting System (SRO).
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