The Government specified that the regularized money can be transferred without limit to the amount to accounts in the ALyC to be invested in shares, bonds, ON and other authorized financial instruments.
In need of shoring up reserves, the Government is betting on bleach of capital as a way to counteract the drain on foreign currency. In this context, the Central Bank (BCRA) and the National Securities Commission (CNV) They came out to clarify that nor there are restrictions on making transfers of the regularized money into the special accounts set up to invest those funds in any of the authorized financial instruments.
“The CNV and the BCRA inform that, under the asset regularization regime established by Law 27,743 and its regulations, it is possible to make transfers from the special bank accounts of clients from the date of crediting the regularized funds without restriction of amount to the special regularization bank accounts of the Clearing and Settlement Agents (ALyC) for the application of the funds in eligible investments, through said agents,” the agencies said in a joint statement.
This means that when a person has deposited money into the laundering bank accounts, You can transfer the amount you want (without limits) to the special accounts in the ALyC from which you can invest.
Money laundering: what can the money be invested in?
The possibility of applying laundered capital to a wide range of financial assets is one of the incentives that the Government included in the Law of Fiscal Measures. And during the regulation it added new options. After the latest additions, The investment options are as follows:
- Public securities issued by the National State -including BOPREAL-, and the Provincial, Municipal states and/or the Autonomous City of Buenos Aires.
- Actions placed by public offering authorized by the CNV.
- Negotiable obligations with public offering authorized by the CNV.
- Shares of Mutual Funds open and closed, the latter placed by public offering authorized by the CNV.
- Certificates of participation or debt securities of trusts placed by public offering authorized by the CNV, intended for the financing of MSMEs, and/or investment and/or financing in productive, real estate and/or infrastructure projects, to promote productive investment.
- Deferred payment checks and promissory notes traded on Markets authorized by the National Securities Commission in any of the authorized segments.
Investments in eligible instruments must be made and settled within a maximum period of 10 (TEN) business days, counting from the moment the funds from the special bank account of the client ordering said investments are credited to the special bank account of the ALYC.
Instruments subscribed and/or acquired under the regularization regime may be subject to mere issuing transfers only to another of the aforementioned special client sub-account(s) with different ownership and/or co-ownership.
For the purposes previously indicated, any natural or legal person resident in the country may open one or more special brokerage sub-accounts called “Special Brokerage Accounts for Asset Regularization”, even if they have not regularized any assets.
Free whitening
It should be remembered that money laundering allows taxpayers to access regularized funds. without the withholding of the Special Regularization Tax being applicable when the amount does not exceed US$100,000.
When the amount of regularized assets is greater than US$100,000, to maintain the benefit of not withholding the Special Regularization Tax, the funds must be kept in special regularization accounts and/or invested in any of the authorized capital market instruments until December 31, 2025.
Source: Ambito
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