Overview
- From July 1, 2026, banks plan to verify cash deposits and withdrawals of 140,000 pesos or more using official ID plus at least one biometric.
- International transfers will be restricted to bank account holders, effective immediately for legal entities and from June 30, 2027 for individuals.
- Members will join a near‑real‑time data‑sharing platform and report typologies to speed detection of suspicious activity.
- The ABM committed to periodic coordination with the Financial Intelligence Unit and to adopting sector best practices, with potential legal adjustments under review.
- The move follows U.S. Treasury actions against Vector, Intercam and CI Banco, with CI Banco exiting, Intercam operating at reduced scale, and Vector selling operations while keeping its broker license.