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At CASSAGNE Consultores, we remain committed to keeping our clients and followers informed on the most relevant developments in anti-money laundering (AML) regulation.

On this occasion, we inform that, in line with the standards of the Financial Action Task Force (FATF), the Argentine Revenue and Customs Control Agency (ARCA) has issued General Resolution 5659/25, published today in the Official Gazette. This regulation aims to strengthen control mechanisms over the entry and exit of cash, bearer negotiable instruments, and coined precious metals into and from Argentine territory.

? What does this new regulation establish?

It fully replaces General Resolutions 2,704, 2,705, and 3,010, consolidating into a single body of law the applicable procedures for:

? Entry into the country: Any person (traveler or crew member) carrying USD 10,000 or more in cash, bearer negotiable instruments, or coined precious metals must declare it using Form OM 2249-A, to be submitted to customs authorities upon entry into the country.

? Exit from the country: If the amount is less than USD 10,000, no declaration is required. If the amount is USD 10,000 or more, different procedures apply depending on the type of asset:

Foreign currency and foreign currency instruments: may only be exported through entities authorized by the Superintendency of Financial and Exchange Entities.

Local currency and instruments in pesos: may be exported by submitting Form OM 2250-B to customs authorities.

? In addition, the regulation clarifies:

The amounts apply on an individual basis and are applicable to adults, emancipated minors, or minors aged 16 or older. For minors under 16 who are not emancipated, the limit is reduced to 50%.

A broad definition of ?bearer negotiable instrument? is adopted, including traveler?s checks, checks, promissory notes, and other similar means of payment.

Persons in transit are exempt from the limit, provided that they declared the assets upon entry using Form OM 2249-A.

? All declared information will be recorded in the Entry and Exit of Valuables System and reported to the Financial Intelligence Unit (FIU) in compliance with FATF Recommendation 32, thereby reinforcing the channels for detecting and preventing suspicious activity.

?? Failure to comply with these obligations may result in sanctions under the Customs Code, and in applicable cases, reporting to the FIU for potential links to money laundering or terrorist financing activities.

? For more information on this and other regulatory updates visit ? https://lnkd.in/dBaHxAzp.

Schedule a direct meeting with our founder, Miguel Cassagne, through our online booking system ? https://lnkd.in/dvikcFJX