The Central Bank of Uruguay published remarks by its president, Guillermo Tolosa, delivered at the opening of the Congress on Prevention of Money Laundering of the Americas, focusing on the economic, social and ethical risks posed by money laundering and reaffirming the central bank’s alignment with Uruguay’s National Strategy against Money Laundering and Terrorist Financing 2025. Tolosa highlighted Uruguay’s “credibility” as an institutional asset that needs protection as illicit structures become more sophisticated, and argued that illicit funds distort capital allocation and the productive fabric of the economy. While noting progress, particularly in the regulatory framework, he pointed to growing threats linked to organised crime, virtual assets, decentralised financial environments and increasingly sophisticated transnational criminal networks. He set out three priorities for the agenda: stronger coordination and joint action, prioritisation of resources for the task, and a review of the sanctions framework to ensure the regime is as deterrent as possible and commensurate with current challenges.
Central Bank of Uruguay 2025-08-05
Central Bank of Uruguay reaffirms commitment to the 2025 national AML/CFT strategy and flags a review of the sanctions regime
Guillermo Tolosa, president of the Central Bank of Uruguay, highlighted the economic, social, and ethical risks of money laundering at the Congress on Prevention of Money Laundering of the Americas. He stressed protecting Uruguay's credibility against sophisticated illicit structures, emphasizing enhanced coordination, resource prioritization, and reviewing the sanctions framework. Tolosa noted regulatory progress but warned of growing threats from organized crime, virtual assets, and transnational criminal networks.