Anti-money laundering and other illegal activities: identification of customers

Communication “B” 9368, dated October 9, 2008, includes a list of websites that can be consulted for the identification of politically exposed persons (“Peps”) outside Argentina. It also includes a list of official websites that must be consulted on a mandatory basis for the identification of Peps in the country.

The Central Bank’s regulation about anti-money laundering and other illegal activities establishes the minimum guidelines to be followed by financial entities in order to comply with “know your customer” policies. Pursuant to this regulation, special attention must be paid for the identification of customers considered as Peps.

Certain public officers (national, provincial, municipal or of the City of Buenos Aires), as well as certain foreign public officers that perform or had performed their activities two years previously of the date of analysis, shall be considered as Peps. Spouses or concubines legally recognized and certain family members of the above mentioned officers shall also be considered Peps. Lastly, the controlling individuals or entities of all the above mentioned persons in the terms established by section 1 of appendix A of communication “A” 2140 and amendments shall also be deemed as Peps.

Finally, Communication “B” 9368 informs that a list of Public Administration Officers can be consulted in the web site www3.bcra.gov.ar.