Newsflash Sagrilaft and PTEE | Denton
May 31, 2022 is the deadline for adopting the System of Self-Review and Management of the Integral Risks of Money Laundering, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction (SAGRILAFT) or the Minimum Measures Regime; and the Business Transparency and Ethics Program (PTEE) by those who have complied with the requirements established by the Superintendency of Business for each of the previously mentioned systems.
Failure to comply with the orders and instructions issued by the Superintendency of Enterprises, concerning the adoption of SAGRILAFT or the Minimum Measures Regime; and the PTEE, could result in the imposition of penalties or fines of up to 200 monthly minimum wage, in addition to the risk of incurring the behaviors that the systems seek to prevent, and the consequences of which may lead, depending on the case, criminal, administrative, civil liability, among others.
Likewise, with the promulgation of Law 2195 of 2022, by which measures are adopted in terms of transparency, prevention and fight against corruption, among other provisions, it will be necessary to carry out a comprehensive review of the risks currently being managed. . within organizations, due diligence procedures and determination of ultimate beneficiaries, among other relevant aspects.