Regulatory Alerts2011-05-09
Added · Updated
Conasev Resolution No. 033-2011
The National Supervisory Commission for Companies and Securities (CONASEV) approves the Rules for the Prevention of Money Laundering and Terrorist Financing, establishing mandatory compliance obligations for supervised entities including stockbrokerages, securities intermediaries, investment fund administrators, and stock exchanges. The rules require these entities to implement a prevention system featuring client and market knowledge procedures, a Code of Conduct, annual training programs, and the designation of a Compliance Officer. The regulations define specific roles for the Board of Directors and General Manager, mandate the maintenance of updated personnel files, and set forth detailed identification requirements for natural and legal persons to detect unusual or suspicious transactions.
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