On April 20, 2022, the Superintendency of Financial Services of the Central Bank of Uruguay issued a bill of law creating a regulatory framework for individuals and legal entities who, while not being credit administrators or financial services companies, habitually and professionally grant credit. The regulations will require such entities to put policies and procedures in place to prevent, detect and report suspicious transactions related to money launder and terrorism financing.[1]
[1] For more details on the bill of law see here i. and here ii.