Risk Management System in Line with Assets Disclosure Regime

On July 19, 2024, through Resolution 110/2024, the Financial Intelligence Unit (UIF) established the implementation of a special risk management system to report suspicious transactions of Money Laundering, Financing of Terrorism, and Financing of the Proliferation of Weapons of Mass Destruction (ML/TF/PF) during the term of the Asset Regularization Regime established in Title II of Law 27743.

This report must be duly grounded and include a description of the reasons for which the transaction was considered suspicious within the framework of the Disclosure Regime of Assets, as well as an analysis of the transaction and the transactional profile of the client.

Regarding the client’s transactional profile, the Resolution establishes that the transactional information and documents related to the economic, patrimonial, and financial situation provided by the client or obtained by the reporting entity following Law 27743 must be considered.

The Resolution has been in force since July 19, 2024, and will remain in force until the maturity of the deadline for adhering to the Disclosure Regime of Assets in Law 27743.