CASSAGNE Consultants’ Post

🌟 IMPORTANT UPDATES: New UIF Res. 200/2024: Specific Regulations for Payment Service Providers 🌟 At CASSAGNE Consultores, we are committed to keeping our clients and followers informed about the latest developments in anti-money laundering and counter-terrorism financing (AML/CTF). Today, December 19, 2024, the UIF Resolution 200/2024 was published in the Official Gazette. This regulation is specifically directed at issuers, operators, and providers of payment and collection services, as well as non-financial credit providers, under subsections 5 and 6 of Article 20 of Law 25,246. 📜 Definitions: Issuers: Entities that issue credit, purchase, or prepaid cards, and/or traveler’s checks. Operators: Legal entities that, without being financial institutions, provide tax or service collection services on behalf of third parties, or perform roles within a retail payment scheme as account providers, acceptors, acquirers, aggregators, or sub-acquirers. Payment service providers (PSPs): Those offering accounts for processing debits and credits within payment schemes. Non-financial credit providers: Legal entities that, without being financial institutions under Law 21,526, offer credit to the public as a primary or secondary activity. 📌 Key highlights of the resolution: The UIF Res. 200/2024 sets minimum requirements to: ✔️ Identify, assess, monitor, manage, and mitigate risks of money laundering, terrorism financing, and proliferation financing (ML/TF/FP). ✔️ Adopt policies, procedures, and controls to prevent the financial system from being used for criminal purposes. 📅 Effective date and deadlines: The regulation takes effect tomorrow, December 20, 2024, repealing Res. UIF N° 76/2019. Full implementation deadline: May 1, 2025. Compliance roadmap: 📝 First self-assessment report: Submit before June 30, 2026, covering the 2025 period. 🔍 External independent review: Submit the first report before August 31, 2026. 📊 Monthly Systematic Report: Begins in May 2025, referring to operations from the previous calendar month. 📅 Annual Systematic Report: Submit between January 2 and March 15, 2026, including 2025 data. For procedures prior to the effective date, Res. UIF N° 76/2019 will continue to apply. 📢 What should you do? ✔ Learn more about the regulation. ✔ Get ready to implement effective preventive policies. ✔ Schedule a meeting with our head, Dr. M. Cassagne, to design a tailored action plan via our online booking system: https://lnkd.in/dvikcFJX. 📅 🚀 Stay ahead and ensure compliance! Contact us and secure your compliance today! #AMLPrevention #UIFResolution200 #PSPs #PaymentServiceProviders #CASSAGNEConsultores #RegulatoryCompliance