Asset laundering risk signals and indicators guidance for nonfinancial reporting agents in connection with virtual assets

On May 25, 2024, the National Anti-Money Laundering and Counter-Terrorism Financing Secretariat (SENACLAFT) published its Asset Laundering Risk Signals and Indicators Guidance for Nonfinancial Reporting Agents in connection with virtual assets.   

Article 19 of Law 19,574 establishes a risk-based focus, requiring reporting agents to apply enhanced due diligence procedures in cases where new technologies facilitating anonymity are used. Hence, in transactions involving virtual assets, reporting agents must necessarily apply enhanced due diligence measures.

SENACLAFT underscores that at the time of publication of its Guidance the activity of virtual services providers and the use of virtual assets are not legally regulated in Uruguay, but that the situation may change in the short term. 

To access the guidance, click here.