TITLE: Argentina's Financial Information Unit Establishes Minimum Requirements for Money Laundering and Terrorism Financing Risk Management BODY: On December 18, 2024, Argentina's Financial Information Unit (Unidad de Información Financiera) issued Resolution 200/2024, which was published in the Official Gazette on December 19, 2024 (Official Gazette number 35571, page 74). The resolution establishes minimum requirements for the identification, evaluation, monitoring, administration, and mitigation of money laundering, terrorism financing, and proliferation financing of weapons of mass destruction (ML/TF/PF) risks. These requirements apply to obligated subjects included under Article 20, sections 5 and 6 of Law No. 25.246. The resolution requires these entities to adopt and implement policies, procedures, and controls to prevent their use by third parties for ML/TF/PF criminal objectives. The resolution aims to strengthen Argentina's anti-money laundering and counter-terrorism financing framework by establishing standardised minimum standards for risk management across designated obligated entities. This development reflects Argentina's commitment to international compliance standards and the Financial Action Task Force (FATF) recommendations for combating financial crime and terrorist financing. Obligated entities falling under the specified provisions of Law No. 25.246 must ensure compliance with the resolution's requirements through their internal governance structures and risk management frameworks. REFERENCES: Argentina Ministerio de Justicia. Resolución 200/2024 - Unidad de Información Financiera. Available at: https://www.argentina.gob.ar/

RESUMEN - RESOLUCIÓN 200 / 2024 - UNIDAD DE INFORMACION FINANCIERA | Argentina.gob.ar

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