Banco 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.
Banque de Commerce et de Placements fined in Luxembourg for AML lapses, Austria expands investigations into Commerzialbank, and more, in the weekly roundup.
U.S. payment processor to pay $40 million for enabling fraud, Iranian nationals accused of evading U.S. sanctions through PayPal, and more, in the midweek roundup.
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.