{
 "jurisdiction_id": "UY",
 "jurisdiction": "Uruguay",
 "url": "https://payments.gi/jurisdictions/uruguay/",
 "generator": "render_jid v13.3.0",
 "date_modified": "2026-08-11",
 "schema_version": "world-payments-v1",
 "counts": {
  "modules": 14,
  "sourced_findings": 58,
  "source_register": 147
 },
 "modules": [
  {
   "code": "W1a",
   "name": "Licensing, Authorisation & Market Access",
   "confidence": "Confirmed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w1a-licensing-authorisation-market-access",
   "standing_position": "Uruguay's payments licensing regime is anchored in Ley N°19.210 and the BCU's RNSP (Libro VII), creating the IEDE non-bank licence alongside the bank/IIF route; most recently updated via Circular 2.467/2024.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Primary statute",
     "source": "https://www.bcu.gub.uy/Sistema-de-Pagos/Leyes_y_Decretos/Ley%2019210.pdf",
     "source_url": "https://www.bcu.gub.uy/Sistema-de-Pagos/Leyes_y_Decretos/Ley%2019210.pdf",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regulator rulebook (RNSP Libro VII)",
     "source": "https://www.bcu.gub.uy/Acerca-de-BCU/Normativa/Documents/Recopilacion-de-Normas/Sistema-de-Pagos/LIBRO%20VII.pdf",
     "source_url": "https://www.bcu.gub.uy/Sistema-de-Pagos/Leyes_y_Decretos/Ley%2019210.pdf",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regulator registration portal",
     "source": "https://www.gub.uy/tramites/registro-instituciones-emisoras-dinero-electronico-iede",
     "source_url": "https://www.bcu.gub.uy/Sistema-de-Pagos/Leyes_y_Decretos/Ley%2019210.pdf",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Market example",
     "source": "https://www.180.com.uy/articulo/56994_como-funciona-el-dinero-electronico",
     "source_url": "https://www.bcu.gub.uy/Sistema-de-Pagos/Leyes_y_Decretos/Ley%2019210.pdf",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Academic/market analysis",
     "source": "https://www.colibri.udelar.edu.uy/jspui/bitstream/20.500.12008/52060/1/Florencia%20Piazza_Finanzas.pdf",
     "source_url": "https://www.bcu.gub.uy/Sistema-de-Pagos/Leyes_y_Decretos/Ley%2019210.pdf",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regulatory secondary summary",
     "source": "https://gpa.uy/informes/economia-y-finanzas/regulacion-de-los-medios-de-pago-electronicos-4778",
     "source_url": "https://www.bcu.gub.uy/Sistema-de-Pagos/Leyes_y_Decretos/Ley%2019210.pdf",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W1b",
   "name": "Conduct, Safeguarding & Financial Promotions",
   "confidence": "Confirmed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w1b-conduct-safeguarding-financial-promotions",
   "standing_position": "Safeguarding of IEDE customer funds is legally mandated via segregated trust-style accounts at licensed IIFs (Ley 19.210 art. 5), with fiduciary responsibility on the IEDE and BCU discretion over liquid-asset placement. Conduct/promotions oversight sits with the BCU Superintendencia de Servicios Financieros (SSF), which issues consumer-protection advertencias and enforces mis-promotion cases.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Primary statute — safeguarding",
     "source": "https://www.bcu.gub.uy/Leyes%20y%20Decretos/Ley19.210.pdf",
     "source_url": "https://www.bcu.gub.uy/Leyes%20y%20Decretos/Ley19.210.pdf",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Primary statute — insolvency carve-out",
     "source": "https://uy.vlex.com/vid/ley-n-19210-ley-644725877",
     "source_url": "https://www.bcu.gub.uy/Leyes%20y%20Decretos/Ley19.210.pdf",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regulator enforcement report",
     "source": "https://www.bcu.gub.uy/Acerca-de-BCU/RD_Solicitudes_Informacion/Documentaci%C3%B3n-Agregada/JoseFlores337.pdf",
     "source_url": "https://www.bcu.gub.uy/Leyes%20y%20Decretos/Ley19.210.pdf",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Disclosure obligation",
     "source": "https://www.impo.com.uy/inclusionfinanciera/",
     "source_url": "https://www.bcu.gub.uy/Leyes%20y%20Decretos/Ley19.210.pdf",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W2",
   "name": "Stablecoins & Digital Money",
   "confidence": "High",
   "moved_this_cycle": true,
   "url": "https://payments.gi/jurisdictions/uruguay/#w2-stablecoins-digital-money",
   "standing_position": "Uruguay treats e-money (dinero electrónico) as a mature, BCU-authorised category under Ley 19.210. Separately, Ley N° 20.345 (Sept 2024) created a Proveedores de Servicios de Activos Virtuales (PSAV) perimeter, splitting financial (PSAVF, including stable/exchange virtual assets treated as e-money-equivalent) from non-financial PSAV, with capital/deposit/guarantee thresholds and a 30 June 2026 compliance deadline; stablecoin/RWA-specific rules remain a stated gap pending further BCU proposals.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Primary statute — e-money definition",
     "source": "https://uy.vlex.com/vid/ley-n-19210-ley-644725877",
     "source_url": "https://www.guyer.com.uy/informes-&-noticias/proveedores-de-servicios-de-activos-virtuales-se-aprueba-proyecto-de-ley-en-uruguay",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regulator conceptual framework",
     "source": "https://www.bcu.gub.uy/NOVA-BCU/SiteAssets/Marco%20conceptual%20para%20el%20tratamiento%20de%20Activos%20Virtuales%20en%20Uruguay.pdf",
     "source_url": "https://www.bcu.gub.uy/NOVA-BCU/SiteAssets/Marco%20conceptual%20para%20el%20tratamiento%20de%20Activos%20Virtuales%20en%20Uruguay.pdf",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Primary statute — PSAV",
     "source": "https://www.guyer.com.uy/informes-&-noticias/proveedores-de-servicios-de-activos-virtuales-se-aprueba-proyecto-de-ley-en-uruguay",
     "source_url": "https://www.bcu.gub.uy/NOVA-BCU/SiteAssets/Marco%20conceptual%20para%20el%20tratamiento%20de%20Activos%20Virtuales%20en%20Uruguay.pdf",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Threshold/licensing detail",
     "source": "https://ecosistemastartup.com/regulacion-cripto-uruguay-1-5m-ui-minimo-frena-startups/",
     "source_url": "https://www.bcu.gub.uy/NOVA-BCU/SiteAssets/Marco%20conceptual%20para%20el%20tratamiento%20de%20Activos%20Virtuales%20en%20Uruguay.pdf",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Gap analysis",
     "source": "https://www.criptonoticias.com/comunidad/regulacion-criptomonedas-uruguay-martin-benitez/",
     "source_url": "https://www.bcu.gub.uy/NOVA-BCU/SiteAssets/Marco%20conceptual%20para%20el%20tratamiento%20de%20Activos%20Virtuales%20en%20Uruguay.pdf",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W3",
   "name": "Operational Resilience & Critical Infrastructure",
   "confidence": "High",
   "moved_this_cycle": true,
   "url": "https://payments.gi/jurisdictions/uruguay/#w3-operational-resilience-critical-infrastructure",
   "standing_position": "BCU is building a graduated cyber-supervision regime for the payments system anchored on AGESIC's national Marco de Ciberseguridad (MCU), starting with mandatory periodic cyber-capability reporting by IEDEs (from 1 July) and continuity/outsourcing-governance updates via Circular 2486; the 2026-2030 Payments Roadmap makes cybersecurity and operational continuity an explicit strategic pillar alongside ISO 20022 migration.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Regulator supervisory scheme",
     "source": "https://cointelegraph.es/news/uruguay-exige-a-emisoras-de-dinero-electrnico-reportar-sus-capacidades-de-ciberseguridad",
     "source_url": "https://cointelegraph.es/news/uruguay-exige-a-emisoras-de-dinero-electrnico-reportar-sus-capacidades-de-ciberseguridad",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regulator circular — continuity",
     "source": "https://willinn.io/2025/09/25/bcu-normativa-continuidad-respaldos-2025/",
     "source_url": "https://cointelegraph.es/news/uruguay-exige-a-emisoras-de-dinero-electrnico-reportar-sus-capacidades-de-ciberseguridad",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regulator statement",
     "source": "https://www.gub.uy/presidencia/comunicacion/noticias/banco-central-impulsa-eficiencia-seguridad-accesibilidad-del-sistema-pagos",
     "source_url": "https://cointelegraph.es/news/uruguay-exige-a-emisoras-de-dinero-electrnico-reportar-sus-capacidades-de-ciberseguridad",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Roadmap",
     "source": "https://openhubnews.com/ln-uruguay-pisa-el-acelerador-fintech-con-innovacion-desde-el-bcu/",
     "source_url": "https://cointelegraph.es/news/uruguay-exige-a-emisoras-de-dinero-electrnico-reportar-sus-capacidades-de-ciberseguridad",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W4",
   "name": "Scheme & Network Compliance",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w4-scheme-network-compliance",
   "standing_position": "Card-scheme and interchange-adjacent conduct is governed indirectly via the usury/interest-cap law (Ley 18.212) applied to card issuers, and directly via BCU's RNSP card-issuer/acquirer rules and a published tariff register (Aranceles Tarjetas). Acquiring has historically been near-monopolistic (single Mastercard acquirer) with multi-acquiring competition only emerging post-2021.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Primary statute — interest/fee caps",
     "source": "https://www.impo.com.uy/bases/leyes/18212-2007",
     "source_url": "https://www.impo.com.uy/bases/leyes/18212-2007",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regulator guidance",
     "source": "https://usuariofinanciero.bcu.gub.uy/tasas/topes-de-tasas-de-interes-y-usura/",
     "source_url": "https://www.impo.com.uy/bases/leyes/18212-2007",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Market structure",
     "source": "https://www.montevideo.com.uy/Negocios-y-Tendencias/La-nueva-competencia-por-procesar-las-ventas-de-los-comercios-uruguayos-uc817940",
     "source_url": "https://www.impo.com.uy/bases/leyes/18212-2007",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regulator published tariff register",
     "source": "https://www.bcu.gub.uy/Sistema-de-Pagos/Documents/Aranceles-Tarjetas/Aranceles%20publico.xlsx",
     "source_url": "https://www.impo.com.uy/bases/leyes/18212-2007",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W5",
   "name": "Payment Corridor Dynamics",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w5-payment-corridor-dynamics",
   "standing_position": "Uruguay's principal formal cross-border corridor infrastructure is the Mercosur Sistema de Pagos en Moneda Local (SML) with Brazil (since 2010) and Argentina (updated 2023), enabling local-currency trade settlement outside USD correspondent chains. The broader corridor picture is dominated by heavy USD dollarization of deposits/savings and an active BCU de-dollarization push, alongside emerging bilateral-currency ambitions in the 2026-2030 roadmap.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Bilateral central-bank corridor agreement",
     "source": "https://www.bcu.gub.uy/Comunicaciones/Paginas/Detalle-Noticia.aspx?noticia=249&title=Nuevo-Reglamento-Operativo-del-Sistema-de-Pagos-en-Moneda-Local-(SML)-entre-Uruguay-y-Argentina",
     "source_url": "https://www.bcu.gub.uy/Comunicaciones/Paginas/Detalle-Noticia.aspx?noticia=249&title=Nuevo-Reglamento-Operativo-del-Sistema-de-Pagos-en-Moneda-Local-(SML)-entre-Uruguay-y-Argentina",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regional framework",
     "source": "https://www.argentina.gob.ar/justicia/derechofacil/leysimple/mercosur-transacciones-comerciales-sistema-pagos-moneda-local",
     "source_url": "https://www.bcu.gub.uy/Comunicaciones/Paginas/Detalle-Noticia.aspx?noticia=249&title=Nuevo-Reglamento-Operativo-del-Sistema-de-Pagos-en-Moneda-Local-(SML)-entre-Uruguay-y-Argentina",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Macro-corridor context",
     "source": "https://www.busqueda.com.uy/economia/consentimiento-depositos-dolares-sera-simplemente-una-notificacion-dice-presidente-del-bcu-n5408463",
     "source_url": "https://www.bcu.gub.uy/Comunicaciones/Paginas/Detalle-Noticia.aspx?noticia=249&title=Nuevo-Reglamento-Operativo-del-Sistema-de-Pagos-en-Moneda-Local-(SML)-entre-Uruguay-y-Argentina",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Roadmap — cross-border ambition",
     "source": "https://tynmagazine.com/uruguay-pisa-el-acelerador-fintech-con-innovacion-desde-el-bcu/",
     "source_url": "https://www.bcu.gub.uy/Comunicaciones/Paginas/Detalle-Noticia.aspx?noticia=249&title=Nuevo-Reglamento-Operativo-del-Sistema-de-Pagos-en-Moneda-Local-(SML)-entre-Uruguay-y-Argentina",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W6",
   "name": "Industry Structure & Commercial Dynamics",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w6-industry-structure-commercial-dynamics",
   "standing_position": "Uruguay's payments industry is bank-anchored (BROU, Santander, Itaú, BBVA dominate financial-institution complaint volume) with a historically concentrated card-acquiring segment now opening to competition via Getnet's 2021 entry, alongside a globally significant homegrown fintech, dLocal — Uruguay's first unicorn and a Nasdaq-listed cross-border payments processor.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Market concentration data",
     "source": "https://www.bcu.gub.uy/Acerca-de-BCU/RD_Solicitudes_Informacion/Documentaci%C3%B3n-Agregada/JoseFlores337.pdf",
     "source_url": "https://en.wikipedia.org/wiki/DLocal",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Company profile",
     "source": "https://en.wikipedia.org/wiki/DLocal",
     "source_url": "https://en.wikipedia.org/wiki/DLocal",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Market structure",
     "source": "https://www.paymentmedia.com/news-5463-santander-uruguay-compra-fintech-de-pagos-y-pisa-el-acelerador-con-getnet.html",
     "source_url": "https://en.wikipedia.org/wiki/DLocal",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Industry association position",
     "source": "https://www.ambito.com/uruguay/las-fintech-respaldan-la-ley-competitividad-su-impulso-las-finanzas-abiertas-y-al-sandbox-regulatorio-n6288219",
     "source_url": "https://en.wikipedia.org/wiki/DLocal",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W7",
   "name": "Legal & Litigation",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w7-legal-litigation",
   "standing_position": "Enforcement activity centres on BCU/SSF administrative sanctions against regulated entities, most notably a January 2025 AML fine against Banco Bandes Uruguay, set against a broader structural critique that Uruguay's AML enforcement pipeline converts few Suspicious Transaction Reports into prosecutions.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Regulator sanction",
     "source": "https://www.elobservador.com.uy/economia-y-empresas/incumplimiento-severo-bcu-multo-mas-us-90-mil-al-bandes-violaciones-la-normativa-prevencion-lavado-activos-n5980236",
     "source_url": "https://www.elobservador.com.uy/economia-y-empresas/incumplimiento-severo-bcu-multo-mas-us-90-mil-al-bandes-violaciones-la-normativa-prevencion-lavado-activos-n5980236",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regulator public sanctions register",
     "source": "https://www.bcu.gub.uy/Servicios-Financieros-SSF/Paginas/SancionesDeLaSSF.aspx",
     "source_url": "https://prensamercosur.org/2026/02/04/uruguay-mantiene-baja-tasa-de-judicializacion-de-los-reportes-de-operaciones-sospechosas-id184806/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Enforcement-effectiveness analysis",
     "source": "https://prensamercosur.org/2026/02/04/uruguay-mantiene-baja-tasa-de-judicializacion-de-los-reportes-de-operaciones-sospechosas-id184806/",
     "source_url": "https://prensamercosur.org/2026/02/04/uruguay-mantiene-baja-tasa-de-judicializacion-de-los-reportes-de-operaciones-sospechosas-id184806/",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W8",
   "name": "Merchant Acquiring & Risk",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w8-merchant-acquiring-risk",
   "standing_position": "Merchant acceptance rules are set at the Ley 19.210 level (no obligation to accept electronic payment, no minimum-purchase thresholds, no cash-discount steering), while the acquiring market itself is transitioning from a Fiserv/Mastercard-exclusive structure to multi-acquirer competition led by Santander's Getnet.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Merchant conduct rule",
     "source": "https://memory.com.uy/blog/obligaciones-fiscales/ley-de-inclusion-financiera/",
     "source_url": "https://memory.com.uy/blog/obligaciones-fiscales/ley-de-inclusion-financiera/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Acquiring market entrant",
     "source": "https://www.elobservador.com.uy/nota/getnet-desembarca-en-uruguay-para-facilitarle-la-operativa-a-los-comercios-2021925508",
     "source_url": "https://memory.com.uy/blog/obligaciones-fiscales/ley-de-inclusion-financiera/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Acquirer M&A/infrastructure build",
     "source": "https://www.montevideo.com.uy/Negocios-y-Tendencias/La-nueva-competencia-por-procesar-las-ventas-de-los-comercios-uruguayos-uc817940",
     "source_url": "https://memory.com.uy/blog/obligaciones-fiscales/ley-de-inclusion-financiera/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Merchant/consumer dispute mechanism",
     "source": "https://www.oca.com.uy/download/TasasVigentes.pdf",
     "source_url": "https://memory.com.uy/blog/obligaciones-fiscales/ley-de-inclusion-financiera/",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W9",
   "name": "Product Innovation & Market Development",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w9-product-innovation-market-development",
   "standing_position": "Uruguay ran an early, technically successful e-Peso CBDC pilot (2017-2018) that remains dormant at legislative level but is referenced in current BCU strategy; the live innovation agenda now centres on an Open Finance anteproyecto de ley (June 2026), a regulatory sandbox bill (Resolución 145/2026), and an ISO 20022/instant-payments modernisation roadmap for 2026-2030.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "CBDC pilot analysis",
     "source": "https://www.bcu.gub.uy/Sistema-de-Pagos/Documents/Vigilancia/Libros/CBDC%20march2022.pdf",
     "source_url": "https://noticias.mobilemoneylatam.com/finanzas-abiertas-uruguay-avanza/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Open finance bill",
     "source": "https://noticias.mobilemoneylatam.com/finanzas-abiertas-uruguay-avanza/",
     "source_url": "https://www.ambito.com/uruguay/el-banco-central-del-avanza-el-sandbox-regulatorio-de-que-se-trata-este-impulso-al-sistema-financiero-n6277632",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Sandbox bill",
     "source": "https://www.ambito.com/uruguay/el-banco-central-del-avanza-el-sandbox-regulatorio-de-que-se-trata-este-impulso-al-sistema-financiero-n6277632",
     "source_url": "https://www.ambito.com/uruguay/el-banco-central-del-avanza-el-sandbox-regulatorio-de-que-se-trata-este-impulso-al-sistema-financiero-n6277632",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "CBDC status update",
     "source": "https://ccea.com.uy/items/finanzas-informe-tecnico-moneda-digital-en-uruguay/",
     "source_url": "https://www.ambito.com/uruguay/el-banco-central-del-avanza-el-sandbox-regulatorio-de-que-se-trata-este-impulso-al-sistema-financiero-n6277632",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W10",
   "name": "Consumer Protection & APP Fraud",
   "confidence": "Confirmed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w10-consumer-protection-app-fraud",
   "standing_position": "Consumer protection runs on a two-track complaint model: mandatory 15-day institution-level resolution, escalating to BCU's SSF (for supervised-entity infractions) or UDECO/MEF (for general consumer disputes) under an interinstitutional cooperation convenio. Unauthorised-instrument liability rules place risk on the user until notification, absent a system security failure.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Regulator complaint process",
     "source": "https://usuariofinanciero.bcu.gub.uy/reclamos-y-denuncias/",
     "source_url": "https://www.gub.uy/ministerio-economia-finanzas/defensa-del-consumidor",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Liability rule for unauthorised transactions",
     "source": "https://www.gub.uy/ministerio-economia-finanzas/defensa-del-consumidor",
     "source_url": "https://www.gub.uy/ministerio-economia-finanzas/defensa-del-consumidor",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Complaint statistics",
     "source": "https://www.bcu.gub.uy/Acerca-de-BCU/RD_Solicitudes_Informacion/Documentaci%C3%B3n-Agregada/JoseFlores337.pdf",
     "source_url": "https://www.gub.uy/ministerio-economia-finanzas/defensa-del-consumidor",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Interinstitutional cooperation",
     "source": "https://www.gub.uy/ministerio-economia-finanzas/comunicacion/noticias/mef-bcu-acuerdan-establecer-procedimiento-para-atender-usuarios-del-sistema",
     "source_url": "https://www.gub.uy/ministerio-economia-finanzas/defensa-del-consumidor",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W11",
   "name": "AML/CFT & Financial Crime",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w11-aml-cft-financial-crime",
   "standing_position": "Sentinel.gi payments-context position not yet integrated into this collection pass; the publicly-documented regulatory backdrop is carried here as context only. Uruguay's AML/CFT regime rests on Ley 19.574 (recently amended by Ley 20.469, March 2026), with BCU/UIAF supervising financial obligated parties (including IEDEs, now subject to new UIAF transaction-reporting thresholds) and SENACLAFT supervising non-financial obligated parties under a 2025-2030 National AML/CFT/CFP Strategy.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Primary AML statute",
     "source": "https://www.impo.com.uy/bases/leyes/19574-2017",
     "source_url": "https://www.elobservador.com.uy/economia-y-empresas/bcu-exigira-reportes-depositos-retiros-y-transferencias-dinero-electronico-n6047907",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Regulator reporting obligation",
     "source": "https://www.elobservador.com.uy/economia-y-empresas/bcu-exigira-reportes-depositos-retiros-y-transferencias-dinero-electronico-n6047907",
     "source_url": "https://www.impo.com.uy/bases/leyes/19574-2017",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "National strategy",
     "source": "https://www.gub.uy/secretaria-nacional-lucha-contra-lavado-activos-financiamiento-terrorismo/publico/normativa-vigente",
     "source_url": "https://www.impo.com.uy/bases/leyes/19574-2017",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Supervisory split",
     "source": "https://uy.vlex.com/vid/ley-no-19574-actualizase-846457833",
     "source_url": "https://www.impo.com.uy/bases/leyes/19574-2017",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W12",
   "name": "Correspondent Banking, Settlement & Access",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w12-correspondent-banking-settlement-access",
   "standing_position": "Uruguay remains a heavily dollarized banking system with deep USD correspondent-banking integration; BCU operates the domestic RTGS/securities settlement infrastructure directly and is currently pushing a de-dollarization disclosure initiative, while private-banking USD flows increasingly triangulate through onshore US institutions rather than staying resident in Uruguay.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Central bank settlement infrastructure",
     "source": "https://www.bcu.gub.uy/Sistema-de-Pagos/Paginas/Sistema-de-Pagos.aspx",
     "source_url": "https://www.bcu.gub.uy/Sistema-de-Pagos/Paginas/Sistema-de-Pagos.aspx",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "De-dollarization regulatory initiative",
     "source": "https://www.ambito.com/uruguay/el-banco-central-del-avanza-la-desdolarizacion-un-nuevo-proyecto-los-bancos-n6284572",
     "source_url": "https://www.bcu.gub.uy/Sistema-de-Pagos/Paginas/Sistema-de-Pagos.aspx",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Correspondent/private-banking flow shift",
     "source": "https://www.cronista.com/finanzas-mercados/caen-depositos-argentinos-en-uruguay-los-dolares-vuelven-o-se-van-a-eeuu/",
     "source_url": "https://www.bcu.gub.uy/Sistema-de-Pagos/Paginas/Sistema-de-Pagos.aspx",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Cross-border information exchange",
     "source": "https://www.ambito.com/uruguay/como-funcionara-el-intercambio-informacion-financiera-y-estados-unidos-n6063889",
     "source_url": "https://www.bcu.gub.uy/Sistema-de-Pagos/Paginas/Sistema-de-Pagos.aspx",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W13",
   "name": "Commercial Intelligence & Fintech",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/uruguay/#w13-commercial-intelligence-fintech",
   "standing_position": "Trailing-12-month (2025-07 to 2026-07) commercial activity is dominated by BCU's own regulatory-product pipeline (sandbox bill, Open Finance bill, PSAV consultation) and dLocal's continued cross-border expansion, including an announced African-market acquisition and an Asia push.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "commercial_event",
     "source": "https://en.wikipedia.org/wiki/DLocal",
     "source_url": "https://en.wikipedia.org/wiki/DLocal",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "commercial_event",
     "source": "https://en.wikipedia.org/wiki/DLocal",
     "source_url": "https://www.ambito.com/uruguay/el-banco-central-del-avanza-el-sandbox-regulatorio-de-que-se-trata-este-impulso-al-sistema-financiero-n6277632",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "commercial_event",
     "source": "https://www.ambito.com/uruguay/el-banco-central-del-avanza-el-sandbox-regulatorio-de-que-se-trata-este-impulso-al-sistema-financiero-n6277632",
     "source_url": "https://noticias.mobilemoneylatam.com/finanzas-abiertas-uruguay-avanza/",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "commercial_event",
     "source": "https://noticias.mobilemoneylatam.com/finanzas-abiertas-uruguay-avanza/",
     "source_url": "https://noticias.mobilemoneylatam.com/finanzas-abiertas-uruguay-avanza/",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  }
 ]
}