Regulatory Alerts2026-06-04 | A 8444Circular OPASI 2-741: Remote Account Opening. Adaptation.
The Central Bank of the Argentine Republic (BCRA) issued Communication “A” 8444 to authorize financial entities to open accounts remotely via electronic or communication media, permitting the assignment of any operating branch for account registration upon client notification. The regulation mandates compliance with anti-money laundering and data protection laws, requires robust electronic identification procedures for both natural and legal persons, and establishes specific timelines and documentation requirements for remote account closure. Additionally, it introduces special identification procedures for electoral campaign contributions, ensuring traceability, fund reversibility, and strict reporting to the National Electoral Judiciary.
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