Regulatory Alerts2025-06-26
Added · Updated
Regulatory Provisions for Financial Leasing Entities
The Superintendent of Banks and Other Financial Institutions establishes minimum requirements for the constitution, operation, and risk management of Financial Leasing Entities (EAF). The resolution mandates specific documentation for shareholders and directors, including proof of lawful wealth origin, background checks, and credit reports, while requiring existing entities to register within 90 days of the rule's entry into force. It further imposes obligations on the Board of Directors to approve risk management policies, internal controls, and a comprehensive Anti-Money Laundering and Counter-Terrorist Financing Prevention System (SIPAR LA/FT/FP).
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