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Fecha de última actualización: 02/06/2025
Politically exposed persons are a type of subject found around the globe. Over the years, and as a result of intergovernmental cooperation within the FATF, states have been developing their regulations concerning politically exposed persons, and today we will analyze the case of Chile.
Continue reading “Chile and its definition of PEP”Fecha de última actualización: 02/06/2025
Brazil, like other countries in the Americas such as Mexico, Ecuador, or Chile, also establishes its own concept of politically exposed persons. The existence of this concept in various countries around the world is influenced by the Recommendations from the FATF in the development of anti-money laundering regulations.
Continue reading “Brazil and its definition of PEP”Fecha de última actualización: 02/06/2025
The notion of politically exposed person — PEP — arises from cooperation between governments in international organizations such as the FATF. The fruits of this collaboration are reflected in the laws of each country, and this article specifically examines the case of Argentina.
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The sixteenth recommendation of the FATF establishes that financial entities carrying out bank transfers must require information about the sender as well as the recipient of the transfer. This information must remain linked to the transfer to prevent money laundering and terrorism financing. To shape this recommendation, the European Union adopted in 2015 Regulation 2015/847 on the information accompanying fund transfers.
Continue reading “Obligations in the transfer of funds”
The Regulation 260/2012 has served as the foundation for establishing the SEPA payment system, a service that has promoted the creation of an electronic payment market with no distinction between domestic and cross-border payments. To remain competitive, the SEPA initiative must be continuously renewed, allowing potential technological innovations to develop new payment products. Under this premise, the European Union has enacted a new Regulation aimed at encouraging instant payments.
Continue reading “Instant payments and the prevention of money laundering”
In June, a new directive was published on the prevention of money laundering and terrorist financing. This Directive stems from the legislative package presented by the European Commission in 2021; these legislative initiatives included drafts of the present Directive as well as the new European Regulation on the Prevention of Money Laundering and Terrorist Financing.
Continue reading “Sixth Anti-Money Laundering Directive”
In May 2023, the European Regulation on crypto-asset markets, known as MiCA — short for Markets in Crypto-Assets — was published. This European regulation aims to establish uniform rules for cryptocurrency service providers.
Continue reading “MiCA and the prevention of money laundering”
One of the key objectives of the Financial Action Task Force is to establish guidelines and promote effective legal and operational measures to combat money laundering and terrorist financing. To achieve this, GAFI promulgated the 40 Recommendations. In this article, we will analyze the fifth recommendation, which addresses the criminalization of terrorist financing.
Continue reading “5th FATF Recommendation”
The Financial Action Task Force (FATF) aims to establish standards and promote the effective legal and operational implementation of measures to combat money laundering and terrorist financing. To achieve this, FATF introduced the 40 Recommendations. In this article, we analyze Recommendation 4 on confiscation and provisional measures.
Continue reading “4th FATF Recommendation”
The Recommendations of the Financial Action Task Force (FATF) are crucial guidelines for preventing money laundering and terrorist financing. In this article, we will explore FATF Recommendation 3, which mandates the criminalization of money laundering.
Continue reading “3rd FATF Recommendation”