Understanding Argentina Regulatory Compliance
When using our app for transactions involving Argentinean Pesos (ARS), you'll need to complete a process called Argentina Regulatory Compliance. This process helps us follow Argentina's financial laws. Here's what you need to know:
What is Argentina Regulatory Compliance?
It's a set of steps we take to make sure all transactions in Argentinean Pesos (ARS) follow Argentine law. We do this through a financial technology partner, who is officially regulated by Argentine financial authorities.
What do I need to do?
You'll need to fill out a self-disclosure form, which will enable you to convert to ARS.
this form asks for:
1. Your CUIT/CUIL number (a unique tax identification number in Argentina).
2. Your marital status.
3. Information about whether certain legal provisions apply to you that might limit your ability to make transactions.
Why is LOULA collecting this information?
This information helps ensure that all ARS transactions comply with Argentine law. It's a requirement for anyone making conversions into or out of Argentinean Pesos.
What happens to my information?
- Your information is stored securely by our regulated partner.
- We do not actively share this information with government agencies.
- The information may only be shared if there's an official investigation, as required by law.
Is my privacy protected?
Yes, we take your privacy seriously. Your information is:
- Stored securely
- Used only for regulatory compliance
- Shared only if legally required
Remember, this process is in place to protect both you and our service while complying with Argentine financial regulations.
If you have any questions about this process, please don't hesitate to contact our support team.