The SPLAFT is made up of the policies and procedures established, as well as the controls related to the timely detection and reporting of suspicious transactions, in order to prevent the products or services provided to its customers or users from being used for purposes related to LA/FT crimes; guaranteeing the duty of undetermined confidentiality of the information related to such system.
In accordance with CAVALI’s internal regulations, Chapter II “Participants”, Article 6c:
CAVALI will monitor the compliance by the Participants with the requirements to act as such at the time of their incorporation; for which purpose it will annually evaluate whether they have the financial, economic, information technology and operational capacity.
In this regard, the Participants shall send CAVALI:
In case the Participant is obliged to comply with the Rules for the Prevention of Money Laundering and Financing of Terrorism, according to the applicable legislation, it shall submit a copy of the Independent Annual Compliance Report issued by the independent external audit firm on the evaluation and suspension.