Exchange Houses are not financial intermediation institutions, but they regularly and professionally perform currency exchange. Permitted transactions and operating conditions are listed in Art. 103 of the Central Bank of Uruguay Communications Compilation of Financial System Regulation and Control Rules (RNRCSF in Spanish).
These entities require Authorization from the Superintendency of Financial Services to operate for reasons of legality, timeliness and appropriateness.
See requirements for authorization (Art. 105 of the RNRCSF).
In these cases, supervision is primarily aimed at monitoring the entities' prevention systems for money laundering or terrorist financing and promoting that they manage risk professionally.
The role of protecting financial users is also performed by responding to inquiries and denouncements.
