? FIU 2024 Management Report ? Summary & Invitation to Read!

At CASSAGNE Consultores, we reaffirm our commitment to keeping you informed about key updates in anti-money laundering and counter-terrorist financing (AML/CFT) ?.

As we begin 2025, and in the context of the resignation of the UIF President, we present a summary of the 2024 Management Report from the Financial Intelligence Unit (FIU), attached here ??.

While we encourage a full reading of the report, we highlight 20 key points showcasing the FIU?s overall performance, its relationship with FATF, and progress in each of its areas:

? General Management

? Implementation of the 2024-2027 Strategic Plan, aligned with international standards.

? Key participation in the Fourth Round of FATF/GAFILAT Mutual Evaluations, ensuring Argentina was not included in the "gray list".

? Adoption of new risk-based approach (RBA) regulations to enhance AML/CFT measures.

? Establishment of working groups with the private sector to improve regulations and controls.

? Strengthening of the justice system, achieving a historic record in asset recovery.

? Engagement with FATF & Other International Organizations

? Active participation in FATF and GAFILAT plenary meetings, securing Argentina?s integration in global forums.

? Presentation and defense of the Mutual Evaluation Report in Paris, with a favorable outcome.

? Cooperation with Brazil and Paraguay in the fight against transnational financial crime.

? Expansion of information exchange with other FIUs worldwide through the Egmont Group.

? Representation of Argentina in the Expert Group on Money Laundering Control (GELAVEX) of the OAS.

? Results by FIU Areas

? Supervision & Control

?? 234 inspections of regulated entities, meeting the Annual Plan.

?? 68 disciplinary proceedings initiated and 25 fines imposed.

? Regulation & Normative Framework

?? 19 new UIF resolutions, strengthening compliance obligations for regulated entities.

?? Decree 278/2024, optimizing asset freezing procedures.

? Financial Intelligence

?? 819 intelligence reports disseminated to the Judiciary and Public Prosecutor?s Office.

?? $736 million in assets recovered.

? International Cooperation

?? 360 spontaneous financial intelligence disclosures to foreign FIUs.

?? Enhancement of the Operations Reporting System (SRO+), optimizing UIF?s digitalization.

? Visit our website https://lnkd.in/dV4B9EBQ to learn how we can assist you and stay updated on the latest developments.