Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) has published a draft standard setting a sector-specific anti-money laundering and counter-terrorist financing (AML/CFT) prevention framework for legal entities that operate remote gaming and/or remote sports betting technology platforms and remote sports betting gaming rooms. The proposal is designed to align the sector’s AML/CFT controls with international standards and good practices. It notes that these entities are reporting subjects to the Financial Intelligence Unit of Peru (UIF-Perú) within the SBS, while prudential/market supervision is carried out by the Ministry of Foreign Trade and Tourism (Mincetur). The draft covers core elements of the AML/CFT prevention system including due diligence on directors, employees and suppliers, AML/CFT training, the prevention manual and code, the appointment of a compliance officer (including corporate and alternate, where applicable), AML/CFT risk factors, suspicious transaction reporting, the annual compliance officer report, and internal audit, and it includes general and enhanced customer due diligence. A 120-day implementation period would apply once the standard is approved. Comments and suggestions are invited via the SBS website until 26 March.
Superintendencia de Banca, Seguros y AFP del Peru 2025-03-11
Peru's Superintendency of Banking, Insurance and Private Pension Funds consults on AML/CFT rules for remote gaming and online sports betting operators
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) has released a draft standard for an AML/CFT framework targeting remote gaming and sports betting platforms. The proposal aligns with international standards, designating these entities as reporting subjects to the Financial Intelligence Unit of Peru, overseen by the Ministry of Foreign Trade and Tourism. Key elements include due diligence, AML/CFT training, compliance officer appointments, and suspicious transaction reporting.