Peru's Superintendency of Banking, Insurance and Pension Funds (SBS) published an update on an Executive Branch measure that brings companies providing transport and custody of cash and valuables that are not supervised by the SBS into the anti-money laundering and counter-terrorist financing (AML/CFT) reporting regime, requiring them to report to the Financial Intelligence Unit of Peru (UIF-Perú). Unlike cash transport, custody and cash management companies that provide ancillary services to financial system entities and are already supervised by the SBS and obliged to report to UIF-Perú, the newly captured firms fall under the private security services framework set out in Legislative Decree No. 1213. Under the Supreme Decree, UIF-Perú will supervise these firms for AML/CFT purposes and they must implement AML/CFT prevention systems, in line with Financial Action Task Force (FATF) recommendations.
Superintendencia de Banca, Seguros y AFP del Peru 2025-03-03
Peru's Superintendency of Banking, Insurance and Pension Funds outlines new AML/CFT reporting duties for non-supervised cash transport and custody firms
Peru's Superintendency of Banking, Insurance and Pension Funds (SBS) announced that companies providing transport and custody of cash and valuables are now included in the anti-money laundering and counter-terrorist financing (AML/CFT) reporting regime. These firms, under Legislative Decree No. 1213, must report to the Financial Intelligence Unit of Peru (UIF-Perú) and implement AML/CFT prevention systems in accordance with Financial Action Task Force (FATF) recommendations.