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Dear Participants,
Depósito Central de Valores S.A., Depósito de Valores (DCV) informs you that, in virtue of Laws 19913 on the Financial Analysis Unit (UAF) and Law 21453 that amended the Tax Code establishing new information requirements, our depositors have the obligation to inform DCV about who are their final beneficiaries and/or their controllers. Circular No. 57 of the UAF of Monday, June 12, 2017, defines final beneficiaries as:
- Natural persons who hold, directly or indirectly, a share equal to or greater than 10% of the capital and voting stock of a specific legal person or legal structure through corporations or other mechanisms.
- The natural persons who, notwithstanding holding directly or indirectly a share lower than 10% of the capital and voting stock of a legal person or structure through corporations or other mechanisms, have effective control in the decision-making of the legal person or legal structure.
To meet this obligation, DCV provides a sworn statement to enter the information on the final beneficiaries and the clients’ information update form, which must be sent back in December 2024. Please send the statement to [email protected].
In accordance with the provisions of UAF Circular No. 57, in the event of an unjustified delay or refusal to provide the information and/or documentation required to identify the final beneficiaries, such conduct should be considered by the regulated entities as a warning signal for sending a suspicious transaction report to the UAF.
We reiterate that depositors must keep the information on their final beneficiaries, controllers, POAs, and legal documentation, among others, up to date.
Sincerely,
DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES
