Regulatory Alerts2017-12-05 | RESOLUCIONES DE DIRECTORIO N° 173/2017Added · Updated
Board Resolution No. 173/2017: Modification of the Internal Regulation for the Prevention, Detection, Control and Report of Money Laundering, Terrorist Financing and/or Predicate Offenses with a Risk Management Approach
This resolution approves a modification to Article 16 of the Internal Regulation for the Prevention, Detection, Control and Report of Money Laundering, Terrorist Financing and/or Predicate Offenses with a Risk Management Approach. The amendment changes the identification requirements for legal entities by stipulating that a copy of the Tax Identification Number (NIT) is required only "if applicable," explicitly exempting legal entities not obligated by law to possess this document. The modification enters into force upon approval on December 5, 2017, and mandates that a legalized copy be transmitted to the Financial Investigations Unit within 20 business days.