Argentina

Argentina has taken measures in order to prevent money laundering and financing of terrorism. The Financial Information Unit, Argentina, has been issuing new regulations to strengthen the AML requirements applicable to Banks, NBFIs, etc. Regarding payments, the Central Bank has also issued regulations requiring banks to include certain customer-related information when sending international wire payments and to control the existence of this information for incoming international wire payments.

Central Bank Communication "A" 4965, in effect since August 2009, requires that international wire transfers need to have, as a minimum, the following information:

  1. Complete Name or Entity Name
  2. Address or ID number or Tax ID Number
  3. Account Number or Client Number of the client in the originator bank

For those international wires received, banks in Argentina are required to verify that this information is received. Banks are required to have controls to detect wires that do not contain this information and these should remain "pending" until the information is received. If the information is not received within 20 business days, wires should be returned.

For more information regarding FATF, please visit the FATF website and Argentina's membership page.

For more information regarding payment regulation, please visit the website of the Central Bank of Argentina and the section titled "Argentina" in J.P. Morgan's Treasury Services' Global Payment Guide 2013-2014.

Official Regulation Documents

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