By: Martin Mittelman and Augusto Mancinelli
On September 1, 2019, the Argentine Government issued Executive Decree No. 609/2019 (the “Decree”) which reinstated certain foreign exchange restrictions that had been in effect prior to
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ARGENTINA: Financial Information Unit’s New AML Regulations for Financial Institutions
By DLA Piper on
Guest post by Hernán D. Camarero, Partner in Richards, Cardinal, Tützer, Zabala & Zaefferer, an independent law firm
Argentina’s Financial Information Unit (FIU) – the authority that enforces the law on prevention of money-laundering activities and terrorism financing Nr. 25,246, as amended (the AML Act)[1] – has issued Resolution Nr. 30-E/2017 for financial institutions (FIs) and foreign exchange entities as obliged subjects –FIU’s reporting agents – under the AML Act.[2] Res. 30 replaces and abrogates former FIU Resolution Nr. 121/11. It represents another important move by Argentina in its further integration into the international financial and banking systems.…
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ARGENTINA: NEW FOREIGN EXCHANGE REGULATIONS IN EFFECT JULY 1ST, 2017
Guest Post by Richards, Cardinal, Tutzer, Zabala & Zaefferer s.c. Abogados, an independent law firm in Argentina, www.rctzz.com.ar for further information at camarero@rctzz.com.ar
In furtherance of the federal government’s quest to increase the flexibility of…
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