On June 4, 2025, the Financial Information Unit (“UIF” after its spanish acronym) issued Resolution 78/2025 (the “Resolution”) in accordance with Decree 353/2025 (the “Decree”) and within the scope of its powers established under Law No. 25,246.
The Resolution modifies UIF Resolutions No. 70/2011, 127/2012, 14/2023, and 242/2023, redefining thresholds and required documentation, prohibiting the request of tax affidavits, and adjusting transactional profiles and obligations for real estate registries, motor vehicle registries, financial institutions, and public notaries.
Key modifications include:
– For the Real Estate Registry, the threshold is raised to 750 Minimum, Vital and Mobile Wages (“S.M.V.M.” after the spanish acronym) for the declaration of Obligated Subjects.
– For the Motor Vehicle Registry, the threshold is set at $115,000,000 for the creation of a Customer Profile.
– The reporting threshold for vehicle acquisitions is set at $50,000,000.
– The requirement to provide an accounting certification for vehicle purchase/sale operations is eliminated, simplifying the required documentation regarding the client’s economic, asset, and financial situation.
– Obligated entities are now prohibited from requesting tax affidavits from clients.
– Enhanced monitoring is required when cash deposits exceed 40 SMVM, requiring the institution to identify the person making the deposit and, if acting on behalf of a third party, also record that person’s details.
– The threshold for reporting cash transfers of ownership of real estate was increased from 700 to 750 SMVM, provided the notary public is acting on behalf of or represents the client.
The Resolution came into force on June 6, 2025.
