In addition, businesses are required to implement anti-money laundering and terrorist financing prevention/detection policies and procedures.
of Law No. 21,575 modify various legal entities to improve. Persecution of drug trafficking and organized crime published in the Official Gazette .
In this sense, and among the various aspects contained in the law, Car companies, new and used car dealers, car rental companies must inform Financial Analysis Unit (UAF) About suspicious operations that you noticed during the activity.
as reported financial diary the entity must be registered in the Register of Reporting Entities. www.uaf.cl Appoint a staff member in charge of agency relations. Implement policies and procedures to prevent/detect money laundering and terrorist financing must be expressed in their respective manuals.
Organizations must also report any suspicious activity they detect in a timely and confidential manner. Suspicious Activity Report (ROS) .
Maintain records of cash and electronic transactions for at least five years
The list of obligations continues. Concessionaires must report semi-annually. Operations over US$10,000 made with physical money Through the Cash Operations Report (ROE).
Maintaining records of cash transactions and business performed by the company Political Exposed Person (PEP) and electronic funds transfer at least 5 years .
Finally, companies should review UN Security Council resolutions in the context of combating the financing of terrorism and the proliferation of weapons of mass destruction as part of permanent employee training.
Source: Biobiochile
