The Public Registry of Commerce simplifies the procedure to file
the affidavit of origin and legality of funds and condition of
Politically Exposed Person.
Resolution No. 9/2012 of the Public Registry of Commerce
partially amended Resolution No. 2/2012 of such agency, concerning
the obligation to file an affidavit regarding the condition of
Politically Exposed Person and of origin and legality of funds.
On May 14, 2012 Resolution No. 9/2012 (the "Resolution
9") of the Public Registry of Commerce ("PRC") was
published in the Official Bulletin, partially amending Resolution
No. 2/2012 (the "Resolution 2") of the PRC.
Through Resolution 2, the PRC established on the one hand the
requirement to file an affidavit on the origin and legality of
funds to associations and/or foundations that receive donations or
contributions from third parties for amounts of AR$ 100,000 (or its
equivalent in kind) and evidence of the origin of the funds if the
donations or contributions
