BCP
Grade C
License facts
What it takes to hold this license, from the TrustFinance regulator database.
Requirements to get licensed
Main requirements
- The company's articles of incorporation, founding materials, and a detailed business plan outlining key operating assets, market strategies, financial estimates, and risk management measures.
- Detailed Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) compliance materials.
- Photocopies of passport details for shareholders, management, and other key personnel, along with residence registration documents for these individuals.
- Include Professional references of senior staff demonstrating their professionalism and experience in foreign exchange operations.
- Provide criminal record-free identification for shareholders, management, and key executives.
- Maintain an office branch in the country where the license is issued, as per the regulations of the specific jurisdiction.
About this regulator
The Central Bank of Paraguay, established by Law 18/52 on March 25, 1952, serves as the nation's highest monetary authority, overseeing finances and economics within Paraguay. Its roles have evolved over the years, with a significant legal framework update occurring in 1995 through Law 489/95. This institution is responsible for the issuance, management, and regulation of the Paraguayan currency, the guaraní. It also plays a crucial role in promoting financial inclusion policies and is an active member of the Alliance for Financial Inclusion. Additionally, the Central Bank of Paraguay was amon...
Companies holding this license
Companies on record, each linking to its verification page.