Regulatory Alerts2025-02-26
Added · Updated
Resolution SMV No. 006-2025-SMV/01
Resolution SMV No. 006-2025-SMV/01 amends the Rules for the Prevention of Money Laundering and Financing of Terrorism (NPLAFT) to require continuous due diligence for existing clients and the retention of provider information for ten years by entities managing autonomous trusts or estates. The resolution introduces Article 7A, mandating the application of countermeasures against high-risk jurisdictions identified by the Financial Action Task Force (FATF), and updates Article 7 to require intensified due diligence for clients receiving transfers from FATF non-cooperative jurisdictions or OFAC-listed countries. These obligations apply to all obligated subjects under the supervision of the Superintendency of the Securities Market (SMV).
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