MONEY LAUNDERING PREVENTION

In this chapter, you will find essential information about the regulations that prevent financial crimes in Chile:

• Regulatory framework: Law No. 19.913 created the Financial Analysis Unit, which leads efforts to prevent money laundering, terrorism financing, and public official crimes.
• Key concepts: Money laundering conceals the illicit origin of funds. It is linked to crimes such as bribery, embezzlement, fraud, and terrorism financing.
• Supervision and compliance: Regulated entities must report suspicious transactions. In this case, penalties may be imposed, and politically exposed persons are identified.