Summary
This document is a guide on the Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations in Argentina. It outlines the framework established to combat money laundering and terrorist financing, detailing the rights and obligations of both legal and natural persons in relation to customer identification and verification. The document specifies the necessary requirements for AML and KYC procedures, particularly focusing on identity verification. It includes definitions of key terms, such as Client, Customer, and Politically Exposed Person (PEP), and describes the due diligence requirements for identity verification. The guide also discusses compliant methods for Customer Due Diligence (CDD), the documents required for verification, and the timing of verification processes. Additionally, it addresses the Enhanced Due Diligence (EDD) measures for PEPs and the reliance on external services for due diligence. Record retention requirements are also specified, emphasizing the necessity to maintain records for a minimum of ten years to comply with regulatory obligations.
