Argentina moves suspicious activity reporting bar – a lot

First off, I have to recommend GlobalComplianceNews.com, a site maintained by  Baker and McKensie. Free newsletter and the site has a wealth of info.

Like this story – how Argentina just amended its AML threshold separating “usual” clients from “occasional” clients. It was 60,000 ARS on an annual basis – now it’s 260,000 ARS. So, many more clients will be considered “occasional” clients – which one has to assume means less strict reporting requirements.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s