Financial and foreign exchange penalties
How do I pay a fine?
What is the deadline for making the payment?
From the notification of the sanction of the fine imposed, the sanctioned person has five (5) business days to opt for one of the forms of payment provided for by current regulations.
What are the planned payment options?
Cash payment. You must pay the value of the fine imposed within the established period of five (5) business days. In the event that it is out of time, it will be informed of the amount that must be paid in accrued interest, which will be calculated from the date of notification of the resolution or judgment that imposed the fine until its full payment, according to the rate established by the regulations in force.
Payment through a system of facilities. The maximum term will be up to 36 consecutive monthly installments.
All those individuals or legal entities sanctioned for their actions in financial or exchange institutions, as well as financial institutions included in the scope of the BCRA’s comptroller under the terms of the LEF, may opt for this form of payment, if they can reasonably prove that the fine generates a defect in the integration of the minimum capital requirement. In the latter case, the requests must be accompanied by an income plan of new capital contributions compatible with the plan to be granted and the overcoming of the minimum capital restrictions, subject to the approval of the SEFyC.
Interest rate: the interest rate on active passes disclosed through the BCRA’s Statistical Bulletin, increased by ten percentage points, will be applied on the fifth business day prior to the maturity date of each of the agreed installments.
How to apply for the facility regime?
The sanctioned person must submit the request for the granting of deadlines and prove the deposit of 10% of the amount of the sanction and the payment of the charge for administrative expenses, equivalent to 0.5% of the amount of the fine.
The 10% deposit will be charged to the payment of the last installments and, in cases of subsequent withdrawal of the application or if the payment facility agreement is not finalized, it will be applied to reduce the amount owed.
What is the payment method?
Payment, in any of the options provided, must be made by bank transfer. The data necessary for its realization are the following:
Destination: 030 – Central Bank of the Argentine
Republic CUIT: 30-50001138-2
Account N° 257000
CBU N° 0300000711000002570008
Type of Account: Savings Bank
Currency: Pesos
Note: The transfer is deferred. Payments must be made with the necessary advance notice so that the funds are credited to the BCRA on the day scheduled for payment.