Anti-Money Laundering (AML) Regulations in Argentina

Overview of AML Laws in Argentina

There are two key laws related to Anti-Money Laundering (AML) regulations in Argentina:

Law 25.246

• Enacted in April 2000, this law aims to prevent money laundering and terrorist financing.
• Established the Financial Information Unit (UIF) as a central agency for AML supervision.

Law 26.683: Anti-Money Laundering Law

• Enacted in December 2020
• Key provisions include:
  • Strengthening customer due diligence requirements
  • Increasing penalties for non-compliance
  • Expanding the scope of regulated businesses, including those operating in digital currencies

Role of the Financial Information Unit (UIF)

The UIF is responsible for:

• Supervising and enforcing AML regulations in Argentina
• Receiving reports from regulated entities about suspicious transactions
• Investigating cases to determine if they are related to money laundering or terrorist financing

Compliance Requirements for Regulated Businesses

To prevent money laundering and terrorist financing, all regulated businesses must implement effective AML measures, including:

• Conducting customer due diligence
• Implementing transaction monitoring systems
• Reporting suspicious transactions to the UIF

Affected Businesses

A complete list of affected businesses can be found here.

Further Questions or Clarification

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