TITLE: Argentina's Financial Information Unit Issues Guidelines on Anti-Money Laundering and Terrorism Financing Risk Management BODY: On December 18, 2024, Argentina's Unidad de Información Financiera (Financial Information Unit) issued Resolution 199/2024, which was published in the Official Gazette on December 19, 2024 (Official Gazette number 35571, page 54). The resolution modifies Resolution 14/2023 and establishes guidelines for the management of anti-money laundering and counter-terrorism financing (AML/CTF) risks, along with minimum compliance requirements for financial entities operating in Argentina. The resolution replaces multiple articles from the original 2023 resolution, including Articles 1 through 15, 17 through 23, 25 through 30, 32, 33, 35, 36, and other provisions contained in Resolution UIF 14/2023 and its amendments. The updated guidelines establish a comprehensive framework requiring financial entities to implement robust risk management procedures and controls to prevent money laundering and the financing of terrorism. These requirements apply to all regulated financial institutions under the Financial Information Unit's jurisdiction. Financial entities subject to this resolution must review their existing AML/CTF policies, procedures, and control systems to ensure compliance with the new guidelines. Entities should assess their current risk management frameworks against the requirements outlined in Resolution 199/2024 and implement any necessary modifications to their compliance programmes. REFERENCES: Argentina's Official Gazette: Resolution 199/2024, Unidad de Información Financiera (December 19, 2024) https://www.argentina.gob.ar/

RESUMEN - RESOLUCIÓN 199 / 2024 - UNIDAD DE INFORMACION FINANCIERA | Argentina.gob.ar

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