Under Act 25246, as amended, Financial Entities are “legally bound persons to inform”. Among their obligations, Financial Entities must request their customers to provide all the information required by the Financial Reporting Unit and the Central Bank of Argentina.
Whoever converts, transfers, manages, sells, encumbers, conceals or in any other way puts in circulation in the market, goods arising from a crime, with the possible consequence that the source of the original goods or the substitutes appear to come from a unlawful source, provided that their value is over the amount of pesos three hundred thousand (AR$ 300,000), whether through only one act or the repetition of various interrelated acts, (in compliance with the Criminal Code of Argentina, Chapter XIII “Crimes against the Economic and Financial order”, section 303).
The Criminal Code of Argentina (CHAPTER XIII: Crimes against the Economic and Financial Order (Art. 306) represses any individual who, directly or indirectly, collected or possessed goods or money, with the intention that they should be used, or in the knowledge that they are to be used, in full or in part:
Under resolution 11/11, as amended, the Financial Reporting Unit defines a Politically Exposed Person as follows: