The measure was made official by the Official bulletin on April 13 and updates the amounts of different sectors such as Escribanos; Professionals in Economic Sciences, Mutual Associations and Cooperatives, Trustees of trusts, Capital Markets; financial and exchange entities, among others. As provided by the Resolution, it will make it easier for Regulated Entities to manage the risks of money laundering and financing of terrorism, in accordance with good practices, guides and international recommendations.
At the end of January, the Financial Information Unit (UIF) It also determined that entities in the financial, capital market and insurance sectors may request tax documentation from their clients, through resolution No. 6/2022.
Beyond the explicit purpose of combating money laundering maneuvers, some specialists do not rule out that the measure has another objective, such as discouraging access to foreign currency in the local market.
dollar jump
This week the blue dollar and the financials accumulated jumps of up to $18 (9%) and the gaps with the official exceeded 80%. After almost three months of exchange rate pax, the market began to take profits and abandon the “carry trade” operations, due to inflationary pressure, doubts about meeting the goals with the International Monetary Fund (IMF) and the low accumulation of reserves of the Central Bank (BCRA) in full harvest season.
Between the end of January, after the Government announced the beginning of an understanding with the IMF, and the beginning of April, the MEP dollar and the CCL collapsed more than $40 (more than 20%). In that period, which coincided with a sharp acceleration in prices, many investors poured their money into inflation-linked bonds (CERs) to take advantage of their high yields and then buy “cheap” dollars. In this way, the prices came to pierce $190 and the gaps to be below 70%. However, those numbers seemed to be taken a floor and the trend reversed sharply and is expected to continue along the same lines this week.
Source: Ambito
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