ArgentinaBanco Central de la Republica Argentina, the central bank of Argentina, extended the reporting requirements of financial institutions due to the COVID-19 pandemic.
The government of Argentina published Regulation 4697, which requires the identification of companies’ beneficial owners for entities classified as: companies, partnerships, mutual funds, associations, and investment funds.
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Argentinas financial intelligence unit fined the Buenos Aires-based financial institution and its chief compliance officer 538.161 pesos for failing to report suspicious transactions between April and October 2006.
| Technical | Effectiveness |
|---|---|
| Compliant : 2 | High : |
| Largely Compliant : 1 | Substantial : |
| Partially Compliant : 26 | Moderate : |
| Non-Compliant : 20 | Low : |
| Rank : 74/141 |
| Score : 5.08/10 |
| Rank : 66/180 |
| Score : 45/100 |
| Rank : 94/133 |
| Score : 55/100 |