Regulatory Alerts2024-08-22
Added · Updated
Financial Intermediation Institutions – Requirements for Opening Current Accounts – Article 390 of the RNRCSF
The Superintendency of Financial Services replaced Article 390 of the RNRCSF, imposing specific identification and due diligence requirements on financial intermediation institutions for opening current accounts. Institutions must collect detailed personal or corporate data, verify moral solvency and activity, and cross-reference applicants against the Central Bank of Uruguay’s register of check infractions. These obligations apply to all financial intermediation institutions subject to the regulation.