The regulation seeks to comply with UIF Resolution 194/2023.
Argentina.- The Provincial Institute of Games and Casinos (IPJyC Mendoza) shared the new obligations imposed in the regulatory application regarding the Prevention of Money Laundering and Financing of Terrorism, which will be effective from January 2, 2025, in order to comply with the Resolution UIF 194/2023 – 243/2023.
In this regard, the regulatory body of the Mendoza gaming industry detailed the documentation that the client must present at the time of prize collection, conversion of values and/or exchange of chips for money, when the operation is equal to or greater than 15 minimum, vital, and mobile wages (SMVM), “equivalent to or more than AR$4,100,000 (USD3900)”.
The client, understood as any human person, national or foreign, who occasionally or regularly participates in gambling, will have to provide: photocopy of the DNI; sworn declaration of politically exposed persons; sworn declaration of profession, trade, industry or main activity; payment record; tickets/receipt of the prize.
Furthermore, all beneficiaries with payments equal to or greater than AR$1,500,000 (USD1400), must provide their personal data at the time of collection: copy of the DNI; payment record; tickets/receipt of the prize.
The resolution indicates that the presentation of the prizes by sum of prizes is mandatory, that is when the total prizes won by the same client on the day of play exceed the thresholds established in this notification.
See also: The Casino de Mendoza incorporates the use of debit cards as a trial
“It is also reminded that the request for client identification is mandatory for all sectors in both prize ranges, greater than 15 SMVM, as well as the so-called lower range, from AR$1,500,000 to AR$15 SMVM, otherwise the application of the corresponding sanctions will be requested”, the document explains.
From the IPJyC, it was explained that the measure aims to contribute to an early and effective prevention of money laundering and terrorism financing: “Risk-Based Approach” (FATF Recommendations): to the regulation and application of measures to prevent or mitigate ML/TF proportional to the identified risks, which includes processes for their identification, evaluation, monitoring, management, and mitigation in order to focus efforts and apply resources more effectively.
In December, the Institute of Games and Casinos of Mendoza (IPJyC Mendoza) achieved the recertification of the ISO 9001 Quality Standard. It was granted after a rigorous external audit that evaluated the internal processes and management of the institute, thus demonstrating its dedication to “providing exceptional service and maintaining high quality standards”.
In this regard, the senior management of the IPJyC expressed their satisfaction in achieving this goal, highlighting that the recertification of the ISO 9001 standard “reaffirms the commitment to excellence and transparency in the operations of the body, ensuring that all its services meet the demanding quality standards of the requirements demanded by this regulation”.
Furthermore, the executives noted that this recertification is a “testament to the teamwork and dedication of all employees of the institution, each of whom has contributed their expertise in achieving this great objective”.
