The Resolution No. 789-2018 of the Superintendency of Banking and Insurance (SBS) was published in the Official Gazette El Peruano. The instrument calls for the development of a system to prevent money laundering and the financing of terrorism (LA / FT), through the risk management of companies that carry out forex trading and loans, among others.
The system must include at least the following aspects:
1. Approve the policies and procedures for ML / FT risk management.
2. Designate a compliance officer and communicate it to the FIU-Peru.
3. Establish procedures to prevent, detect and inform to the FIU-Peru suspicious transactions that are allegedly linked to ML / TF, through a Suspicious Operation Registry (ROS).
4. Develop response mechanisms to inform requirements of the FIU-Peru and the competent authorities.
Companies that are obliged to have a corporate compliance officer must comply with this rule, within a period of 60 business days. However, in the case of entities that sale foreign currency, they have a period of 180 days to apply these provisions on the Registry of Operations (RO).