External Circular No. 100-000015 of September 24, 2021
The Superintendence of Companies has amended certain matters of the SAGRILAFT
The Superintendence of Companies (the “Superintendence”) enacted the External Circular No. 100-000015 of September 24, 2021 (the “Circular”) by means of which it modified certain matters of the regulation of the System of Integral Risk Management for Money Laundering, Terrorism financing and financing of the proliferation of mass-destruction weapons (“SAGRILAFT”), established in External Circular 100-000016, 2020, modified by External Circular 100-000004, 2021.
Mainly, the Circular included the following amendments:
- Established a new definition of “Close Associates” pursuant to the Decree 830 of 2021 (that modified the Decree 1081 of 2015).
- Established a new definition of “Final Beneficiary” pursuant to the Tax Code (law 2155 of 2021).
- Established a new definition of “PEP” (Individuals Politically Exposed) pursuant to the Decree 830 of 2021 (that modified the Decree 1081 of 2015).
- Established a new definition of “Foreign PEP” pursuant to the Decree 830 of 2021 (that modified the Decree 1081 of 2015).
- Modified sections 2 and 5.3.2 of the External Circular 100-000016, 2020, modified by External Circular 100-000004, 2021, regarding the references to “Close Associates”.
In the following link you will find the External Circular No. 100-000015 of September 24, 2021.
Author: Raúl Vargas I rvargas@lloredacamacho.com I Corporate Law