FATF status

Uruguay is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Uruguay was undertaken in 2019. According to that Evaluation, Uruguay was deemed Compliant for 16 and Largely Compliant for 23 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 0 of the Effectiveness & Technical Compliance ratings.

U.S. firms do not view corruption as a significant barrier to investment in Uruguay, which is recognized for its low levels of perceived corruption, ranking as the least corrupt country in Latin America. The Uruguayan government has established laws to combat bribery and corruption, including a framework for fighting money laundering and terrorism financing, and actively prosecutes corruption offenses. While the Transparency and Public Ethics Board addresses public sector corruption, it operates with limited resources, and corruption-related challenges are primarily found in the public procurement sector.

Uruguay offers a stable investment climate that treats foreign and national investments equally, allowing most investments without prior authorization and enabling free capital transfer. The country has been recognized for its transparency, ranking as the most transparent in Latin America in 2023, and has seen a resurgence in foreign direct investment due to tax incentives and a growing tech industry. With a strong legal framework and a commitment to macroeconomic stability, Uruguay is positioned as an attractive destination for international investors.

Uruguay offers a stable investment climate that treats foreign and national investments equally, allowing most investments without prior authorization. The country has been recognized for its transparency, ranking as the most transparent in Latin America in 2023, and has a favorable legal framework for dispute resolution. Additionally, a significant percentage of foreign investors express satisfaction with the investment climate, citing macroeconomic stability and tax incentives as key advantages.