Regulatory Alerts2011-02-16 | Resolución SBS 2108-2011Added
SBS Resolution N° 2108-2011: Establishes Basic Savings Account Characteristics for Greater Financial Inclusion, Modifies Money Laundering and Terrorist Financing Norms and Regulations Approved by Resolutions S
This resolution incorporates insurance brokers as obligated subjects required to provide information to the Financial Intelligence Unit (UIF-Peru) regarding money laundering and terrorist financing prevention. It establishes the characteristics of Basic Savings Accounts with simplified procedures to achieve greater financial inclusion and modifies the Complementarity Norms for the Prevention of Money Laundering and Terrorist Financing approved by Resolution SBS Nº 838-2008. The text defines Politically Exposed Persons (PEPs), sets minimum information requirements for natural and legal persons, and outlines general, simplified, and enhanced due diligence regimes based on transaction risk and product type.
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