On June 1 2011 Law 26.683 was passed before Congress. Under the law, airlines that act as customs agents have been withdrawn from the scope of Resolution 39/2011, as issued by the Unit for Financial Information (UFI) earlier this year (for further information please see "Resolution establishes measures to protect against money laundering").

Thus, airlines are no longer subject to requests from the UFI regarding suspicious activities linked to money laundering or for the prevention of terrorism.

For further information on this topic please contact Elizabeth Mireya Freidenberg at Freidenberg Freidenberg & Lifsic by telephone (+54 11 4311 4991), fax (+54 11 4311 0852) or email ([email protected]).