Recently, new provisions were issued that modify the deadlines for implementing the Corporate Transparency and Ethics Program (PTEE) and the Anti-Money Laundering, Counterterrorism Financing, and Financing for the Proliferation of Weapons of Mass Destruction Risk Management System (SAGRILAFT) for Nonprofit Entities (ESALES) and Chambers of Commerce.
Here is a summary of the changes:
1. For Chambers of Commerce and Foreign ESALES with permanent business operations in Colombia:
With the aim of unifying the implementation deadlines for all subjects under its supervision, the Superintendence of Companies, through External Circular 100-000003 dated April 23, 2024, modified the implementation deadlines for SAGRILAFT and PTEE for Chambers of Commerce and Foreign Nonprofit Entities with permanent business operations in Colombia (Foreign ESALES).
In this regard, Chambers of Commerce and Foreign ESALES currently under the supervision of the Superintendence of Companies will have until May 31, 2025, to implement SAGRILAFT and PTEE.
Moving forward, the general rule will be that Chambers of Commerce and Foreign ESALES must implement SAGRILAFT and PTEE no later than May 31 following their creation.
2. For ESALES domiciled in Bogotá:
On the other hand, the District Legal Secretary of the Mayor’s Office of Bogotá, through Circular 013 dated March 6, 2024, suspended the deadline for implementing a PTEE by Domestic ESALES domiciled in Bogotá.
This measure was taken with the purpose of aligning these programs with the guidelines to be established by the Administrative Department of the Presidency of the Republic (DAPRE) in this matter.
Once these guidelines are defined, the District Legal Secretary of Bogotá will issue a new circular with updated instructions for the adoption and presentation deadlines of the PTEE.
We hope this update is helpful for planning your next steps and complying with current regulations! At Lloreda Camacho & Co, we are committed to supporting you in this process and keeping you informed of any future developments. Please do not hesitate to contact us if you have any questions or need further assistance.
Author: Alejandra Villada