Regulatory Alerts2012-11-28 | Resolución SBS 8930-2012Added · Updated
Resolution SBS No. 8930-2012: Regulation of Infractions and Sanctions in the Prevention of Money Laundering and Terrorist Financing
The Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) approved the Regulation of Infractions and Sanctions in the Prevention of Money Laundering and Terrorist Financing, establishing the administrative sanctioning power exercised through the Financial Intelligence Unit of Peru (UIF-Peru). The regulation defines the scope of application to include twenty-two categories of obligated subjects, such as non-profit organizations, real estate agents, notaries, and virtual asset service providers, and classifies infractions into light, serious, and very serious categories. It establishes procedural rules for investigation and resolution, including objective liability for serious infractions, specific criteria for aggravating and mitigating circumstances, and the imposition of sanctions such as warnings and fines.