This regulation proposes a segmentation of clients, based on the risk assigned to each of them.
According to Resolution 54/2024the Obligated Subjects of the cultural assets and Non-financial Activities and Professions such as accountants, notaries and lawyers They must be able to ensure that the measures aimed at preventing or mitigating money laundering, terrorist financing correspond to the identified risks, allowing for decision-making how to allocate your own resources efficiently.
This regulation proposes a customer segmentationbased on the risk assigned to each of themdistinguishing in turn, between the due diligence measures to be applied according to the qualification they receive.
based on the identification of assumptions considered high risk, it is considered advisable that the Obligated Subjects carry out Reinforced Due Diligence in such cases, incorporating risk indicators for such an approach or, where appropriate, to make a Suspicious Operation Report.
The FATF visit to the country
Argentina is a full member of the Financial Action Task Force (FATF) since 2000, it is an intergovernmental organization whose purpose is the development and promotion of international standards to combat Money Laundering, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction, and as such must adjust the regulations to its recommendations.
That same year, the Argentine Republic founded, together with other members, the regional organization FINANCIAL ACTION GROUP OF SOUTH AMERICA (GAFISUD), currently known as FINANCIAL ACTION GROUP OF LATIN AMERICA (GAFILAT).
The FINANCIAL INFORMATION UNIT (UIF) must permanently ensure the adoption of the good practices and changes in current FATF international standards, to comply with the committed public interest of preventing and combating ML/TF/PF crimes.
Source: Ambito
