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Survey Category:
Survey Answer:

There are no specific continuing obligations applicable to cross-border activities of Uruguayan Fintechs or applicable to foreign Fintechs carrying their business in Uruguay. Note that if the activities of said companies fell within the financial services regulations the compliance with anti-money laundering regulations is mandatory.
Certain limitations regarding the cross-border personal data transfers may be applicable depending if the jurisdiction or company that receives the information is considered to provide adequeate levels of personal data protection on the criterion of the Regulatory and Personal Data Control Unit (“Unidad Reguladora y de Control de Datos Personales”, URCDP).

Provided By:
Ferrere Abogados: Martin Pesce, associate / Federico Lemos, associate