The Financial Information Unit (UIF) imposed a fine of more than $1.5 billion on a company in the Capital Markets sector for not submitting Suspicious Transaction Reports (ROS).
The Financial Information Unit (UIF) imposed a fine that exceeds $1.5 billion to a company in the Capital Markets sector for not submitting Suspicious Transaction Reports (ROS).
For not carrying out control and monitoring of the financial operations suspected of money laundering of their clients, The UIF fined Cucchiara y Cia. SA and its partners for $1,523,430,568the organization reported today.
The operation that gave rise to the sanction for the absence of submission of Suspicious Transaction Reports (ROS) before the FIU consisted of receiving and issuing transfers made by a client of the company.
They were carried out without having a correlation in any stock market operation and with a lack of adequate documentation that reasonably justifies the amounts transferred.
The sanction applied corresponds to the high number of transactions suspected of money laundering, in dollars and pesos, which were not reported to the FIU by the aforementioned Settlement and Clearing Agent.
According to the organization, They were detected, analyzed and sanctioned by the work carried out by the FIU, with the collaboration of the National Securities Commission (CNV).
Source: Ambito
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