Amendment to Resolution No. UAFE-DG-2021-00167
August 2nd, 2021
The Financial and Economic Analysis Unit (hereinafter “UAFE”) issued on June 7, 2021 the resolution No. UAFE-DG-2021-00167 (hereinafter the “Resolution”), which included new persons obliged to report to the UAFE.
On July 16, 2021, the UAFE issued resolution No. UAFE-DG-2021-0230 (hereinafter the “Amendment”), by which it amended the Resolution in the issues detailed below.
Obliged Entities of the Mining Sector
The Amendment clearly determines the natural and legal persons that are obliged to report to the UAFE, which are the following:
1. People who are dedicated to the negotiation and commercialization of precious metals or stones, according to literal g) of article 27 of the Mining Act.
2. People who are dedicated to metal processing (Benefit Plants).
3. Those that import and export precious metals or stones.
4. Those that are dedicated to the manufacture and commercialization of jewelry.
Deadline for implementations
Obliged subjects will begin to submit information reports to the UAFE from the following month after the deadline to obtain the registration code.
Obliged subjects must register the compliance officer within 90 days, counted from the date of publication of the Resolution in the Official Gazette, this means until September 20, 2021.
Must obtain the registration code within 90 days from the date of publication of the Resolution in the Official Gazette, this means until September 20, 2021.
 1 Art. 27.- Art. 27.- Phases of the mining activity.- For the purposes of applying this law, the phases of the mining activity are: g) Commercialization, which consists of the sale of minerals or the execution of other contracts that have the purpose of negotiation of any product resulting from mining activity.
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