Законодателство

Chile – New anti-money laundering law for Chile casinos

Legal Division Director of the Financial Analysis Unit Javier Cruz Tamburrino and Head of the Chilean Gaming Board (SJC) Renato Hamel Maturana have signed a circular which updates the rules that now apply to casinos operating in the country.

The new rules will mean that Chilean casinos will have to meet international guidelines set by the Financial Action Task Force (FATF) when it comes to Money Laundering and Terrorist Financing from now on.

Mr. Tamburrino said that the signing of the Joint Circular was: “A powerful signal of coordination between two entities that have a common plan to prevent money laundering and terrorist financing.”
According to the circular, all casinos in Chile must now have systems in place to safeguard against money laundering and terrorism based on the “Know Your Customer” concept. The “Know Your Customer” concept means that the casino knows the identity of the customer and understands the kinds of transactions in which the customer is likely to engage in. These conditions must now apply to any customer gambling any amount over US$3,000 (or its equivalent in other currencies) and also applies to those holding a prominent public office such as Senators, Congressmen, Mayors and High Court Judges amongst others.

As instructed in the new circular, casinos must record and maintain information related to the identification and understanding of customers for a minimum period of five years from the last operation performed by them and must be made available the Financial Analysis Unit as well as the Chilean Gaming Board.

In addition, casinos will now be required to develop a Manual on “The Prevention of Money Laundering and Terrorist Financing” which will, amongst other topics, cover the detection and reporting of suspicious transactions and will also develop other guidelines which will include the ethical conduct of staff and casino operators.

Групата за финансови действия (FATF) е междуправителствена организация, основана през 1989 г. по инициатива на Г-7. Целите на FATF са да определя стандарти и да насърчава ефективно прилагане на правни, регулаторни и оперативни мерки за борба с прането на пари, финансирането на тероризма и други свързани заплахи за целостта на международната финансова система.