On May 25, the National Secretariat for the Fight against Money Laundering and the Financing of Terrorism (SENACLAFT) published the Guide of signs and indicators of money laundering risk for Non-Financial Obligated Subjects in the use of virtual assets. The objective of the Guide is to facilitate the evaluation of risks when using virtual assets.
Article 19 of Law 19,574 establishes a risk-based approach, establishing that obligated parties must apply enhanced due diligence procedures in those cases in which new technologies that promote anonymity are used. In this sense, in operations where virtual assets are used, the obligated party must necessarily apply enhanced due diligence measures.
SENACLAFT highlights that at the time of publication of the Guide, the activity of virtual service providers, as well as the use of virtual assets, is not legally regulated in the country, a situation that may change in the short term.
