Regulatory Alerts2025-06-26
Added · Updated
Regulatory Provisions for Non-Bank Providers of Fiduciary Services
The Superintendent of Banks and Other Financial Institutions of Nicaragua issued Resolution SIB-OIF-XXXIII-397-2025 to establish regulatory requirements for non-bank providers of fiduciary services. The resolution mandates strict capital, governance, and anti-money laundering standards for both corporate and natural person fiduciaries, including detailed documentation for shareholder due diligence and beneficial ownership identification. It further imposes operational obligations such as external auditing, monthly reporting, confidentiality protocols, and a 90-day compliance window for existing providers to register and align with the new framework.
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