FERRERE

Senior associate

Diego Castagno

Diego Castagno focuses on day-to-day advice to companies on recurrent corporate matters of their operations.

Diego Castagno is a member of the FERRERE Company Law, Infrastructure and Energy team. He also has experience in the Litigation & Arbitration department, and in Banking, where he collaborated with the team handling regulation of the Financial Inclusion Law.

His professional practice currently involves day-to-day advice to local and international companies on recurrent corporate aspects of their operations, in particular for financial intermediation and energy sector companies.

Diego is a columnist in the Political and Economic opinion section of the Montevideo Portal news website. He is executive director of Centro de Estudios para el Desarrollo, an independent think tank studying Uruguay’s political, economic and social reality with a view to efficiently impacting on public policy decision making. This study center was named the best new Latin American think tank for the year 2016 by University of Pennsylvania (United States).

He has participated in graduate courses under the Young Professionals Program at Universidad de Montevideo (Uruguay), and in diploma training programs in Public Polices organized by the Konrad Adenauer Foundation in Uruguay and Colombia.

As part of his community activities he was an assistant at the Silesian school’s public dining hall in the city of Salto (Uruguay) from 2006 to 2009. He has also collaborated with other nonprofit organizations such as Trigolimpio and Techo para mi País, and has acted as tutor for graduates of Liceo Jubilar (high school for students in a critical context) as part of the development program designed by FERRERE.

  • Attorney, Universidad de la República (Uruguay), 2016. 
09/08/2023
Uruguay

Chief weaknesses detected by Senaclaft in inspections of reporting entities

On April 18, 2023, the National Anti-Money Laundering and Counter-Terrorism Financing Secretariat (SENACLAFT) held a webinar for nonfinancial sector reporting entities, in which noted the following as the chief weaknesses detected in inspection processes.

09/08/2023
Uruguay

New FATF recommendations stir debate on transparency standards

In March 2023, the Financial Action Task Force (FATF) issued new guidance making changes regarding the notes interpreting Recommendation 24 on transparency and information on beneficial ownership of legal entities.

09/08/2023
Uruguay

Senaclaft updates List of Politically Exposed People

On June 27, 2023, Senaclaft issued a new update of the List of Politically Exposed People.

09/08/2023
Uruguay

Senaclaft publishes its 2022 annual report

On April 12, 2023, la Senaclaft issued its annual report on its work during the 2022 year.

24/04/2023
Uruguay

Uruguay’s leadership position in transparency

According to the Corruption Perceptions Index 2022, prepared by the NGO Transparency International, Uruguay moved up one point with respect to the previous year, consolidating its leadership position in the region.

24/04/2023
Uruguay

Uruguayan tax administration updates low or no-tax list

On January 11, 2023, the Uruguayan Tax Administration (DGI) published its list of low- or no-tax countries that took effect on January 1, 2023 (Lista BONT).

24/04/2023
Uruguay
24/04/2023
Uruguay

International financial action task force (FATF) suspends Russian membership

As of February 24, 2023, FATF sanctioned Russia and suspended its membership.

03/11/2022
Uruguay

Changes for reporting owners and ultimate beneficiaries to Central Bank of Uruguay

Decree 272/022, published September 5, 2022, has made changes in regulations for reporting owners and ultimate beneficiaries to the Central Bank of Uruguay (BCU).

03/11/2022
Uruguay

New draft regulations on client due diligence procedures

On September 19, 2022, the BCU published new draft regulations that, if approved, will involve changes in rules on client due diligence procedures that must be implemented by supervised institutions.

03/11/2022
Uruguay

Executive branch submits bill of Law for regulation of virtual activities to Parliament

In May 2022 the BCU submitted a preliminary draft bill of law to the Ministry of Economy and Finance for regulation of virtual assets, based on the Conceptual framework for regulatory treatment of Virtual Assets in Uruguay, issued by BCU in December 2021.

03/11/2022
Uruguay

Updating of list of politically exposed persons in Uruguay

On September 5, 2022, the National Anti-Money Laundering and Counter-Terrorism Financing Secretariat (SENACLAFT) updated the list of Politically Exposed Persons.

03/11/2022
Uruguay

Sports corporations under scrutiny by Anti-Money Laundering Secretariat

In 2019 SENACLAFT and the National Sports Secretariat (SND) signed a cooperation agreement for oversight of nonprofit organizations in connection with Anti-Money Laundering and Counter-Terrorism Financing efforts.

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