TITLE: Argentina's Financial Information Unit Establishes Minimum Requirements for Anti-Money Laundering and Counter-Terrorism Financing Risk Management BODY: On March 25, 2024, Argentina's Financial Information Unit (Unidad de Información Financiera) issued Resolution 54/2024, establishing minimum requirements for identifying, evaluating, monitoring, administering, and mitigating risks related to money laundering, terrorism financing, and financing of weapons of mass destruction proliferation (LA/FT/FP). The resolution applies to obligated subjects defined under Article 20, Section 16 of Law No. 25,246 and its amendments. These entities must adopt and implement policies, procedures, and controls to prevent their use by third parties for criminal objectives related to money laundering, terrorism financing, and proliferation financing. The requirements establish a comprehensive risk management framework that obligated subjects must integrate into their operational governance structures to ensure compliance with anti-money laundering and counter-terrorism financing obligations. The resolution was published in the Official Gazette (Boletín Oficial) on March 26, 2024, in edition number 35,390, page 67. Obligated subjects must ensure their internal policies and control mechanisms align with the minimum standards outlined in the resolution to effectively mitigate LA/FT/FP risks and maintain compliance with Argentine financial crime prevention regulations. REFERENCES: Resolution 54/2024, Unidad de Información Financiera, Argentina (March 25, 2024): https://www.argentina.gob.ar/

RESUMEN - RESOLUCIÓN 54 / 2024 - UNIDAD DE INFORMACION FINANCIERA | Argentina.gob.ar

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