Regulatory Alerts2015-05-18 | Resolución SBS 2660-2015Added · Updated
SBS Resolution No. 2660-2015: Regulation on Money Laundering and Terrorism Financing Risk Management
The Superintendency of Banking, Insurance and Private Pension Fund Administrators approves a new regulation requiring companies to implement a comprehensive ML/TF prevention system comprising compliance and risk management components. The rule mandates that the Board of Directors approve policies and appoint a compliance officer who must hold a first-level management position, maintain exclusive full-time employment with the entity, and report directly to the board. Specific obligations include notifying the Financial Intelligence Unit of Peru of the officer's appointment within fifteen business days, ensuring the officer's identity remains confidential, and adhering to strict disqualification criteria regarding prior internal audit roles or conflicts of interest.