Regulatory Alerts2008-03-05 | CD-SIBOIF-524-1-MAR5-2008 (Norma Original)Added · Updated
Norma for the Management of Prevention of Risks of Money Laundering, Goods or Assets; and Terrorism Financing (PLD/FT Standard)
This resolution establishes a comprehensive regulatory framework for banks, financial institutions, insurance companies, securities firms, and general warehouse entities to prevent money laundering and terrorism financing. It mandates the implementation of an Integrated System for Prevention and Risk Management (SIPAR LD/FT), including specific due diligence policies, risk assessment matrices, monitoring procedures, and reporting obligations for suspicious transactions and cash transfers above defined thresholds. The regulation also defines institutional responsibilities, governance structures such as prevention committees, and requirements for independent audits, training, and code of conduct.
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