Financial Crime World

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Anti-Money Laundering (AML) in Argentina: Timeframes and Reporting Requirements

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Introduction

Argentina has implemented various measures to combat money laundering and terrorist financing. One of these measures is the requirement for obligated subjects to report suspicious transactions to the Financial Information Unit (UIF).

Timeframe for Reporting Suspicious Transactions


According to Article 20 of Law 25,246, obligated subjects in Argentina must report any suspicion of money laundering activity within:

  • 24 hours: After becoming aware of it.

However, there is no clear indication of a 48-hour timeframe for reporting suspicious transactions. It’s essential to note that this requirement applies specifically to the Financial Information Unit (UIF) and may not be applicable in other contexts.

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