Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 39

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 10
Chunk 39
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 transactional profile, and/or that, due to their frequency, regularity, amount, complexity, nature, and/or other particular characteristics, deviate from market practices.”

On July 19, 2024, Resolution No. 110/2024 was published in the Official Gazette, establishing the duty for obligated entities to implement a risk management system to detect suspicious transactions of money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction linked to the aforementioned regime, carried out by their clients under the “Asset Regularization Regime” established in Title II of Law No. 27,743. In this sense, the suspicious transaction report must be “duly substantiated and contain a description of the circumstances under which the transaction is considered suspicious, within the framework of the Asset Regularization Regime, and reflect an adequate analysis of the client's operations and transactional profile.”

On December 19, 2024, Resolution No. 192/2024 was published in the Official Gazette, amending the regime applicable to Politically Exposed Persons (PEPs). The resolution redefined the scope of individuals covered, clarified that the PEP status extends for two years after leaving office, and allowed sworn statements to be submitted either digitally or in person. It also established that obligated entities must retain supporting evidence and assess the risk in cases where a PEP reports the cessation of such status.

On December 19, 2024, Resolution No. 200/2024 was published in the Official Gazette, introducing new ”Anti-Money” laundering and counter-terrorism financing requirements applicable to issuers, operators and providers of payment and collection services, as well as non-financial credit providers. The resolution requires these entities to define their risk tolerance, apply enhanced measures for high-risk clients and simplified measures for low-risk scenarios, and strengthens the responsibilities of the Compliance Officer in overseeing risk assessment, monitoring transactions, and approving high-risk or PEP-related operations.

Finally, on June 5, 2025, Resolution No. 78/2025 was published in the Official Gazette, establishing an increase in the reporting threshold applicable to notaries and registries for cash real estate purchase and sale transactions to 750 minimum wages (Salario Mínimo Vital y Móvil in Spanish). In addition, it replaced the requirement of accounting certifications with the obligation for the parties involved to submit sworn statements regarding the origin and legitimacy of the funds, thereby simplifying formal obligations while maintaining controls related to the prevention of money laundering and terrorism financing.