COMPLIANCE AND LEGAL REQUIEREMENTS
De acuerdo a lo dispuesto por la Resolución Nº 000029 de 26 de marzo de 2020 las operaciones de cambio deberán sujetarse a una serie de requisitos y a la reglamentación que establezca el Banco de la República.
For
Colombian Residents or Foreign Visitors
To complete a currency exchange transaction, you must meet the following requirements:
- Andean Card (Tarjeta Andina) or valid ID for South American nationals. For Venezuelan nationals, the Temporary Protection Permit (PPT) is accepted.
- Foreigner ID (Cédula de Extranjería) – required for foreign nationals residing in Colombia. • Passport – valid only for foreign tourists.
- Andean Card or Colombian National ID for nationals from Mercosur countries.
- Diplomatic ID card, if applicable.
- Residential or lodging address and Colombian phone number.
- Economic activity information, required for Colombian citizens and foreign residents in Colombia.
- Details about the origin and destination of the funds involved in the transaction.
For
Corporate Customers
If your commercial transactions do not require negotiation through Foreign Exchange Market Institutions, we are your best ally — offering highly competitive rates tailored to your business needs.
With Interamerican Money, you can count on a premium, secure, friendly, and profitable service that supports your business growth.
To carry out corporate transactions, the following documents are required:
- Chamber of Commerce Certificate issued no more than 30 days prior
- Copy of the RUT (Tax Identification Number).
- Copy of the legal representative’s ID.
- A signed letter from the legal representative (or alternate) listing the full names and ID numbers of the individuals authorized to carry out currency exchange operations on behalf of the company, in case the legal representative is not the one executing the transaction.
- Copy of the ID of the authorized individual(s).
- A certificate signed by the company’s accountant or statutory auditor detailing the company’s shareholding structure. (Required only for S.A.S. or S.A. companies.)
Transaction Receipts and Legal Disclosures
Upon completion of any currency exchange transaction, our customers receive a digital purchase or sale receipt sent to the email address provided during the transaction.
In compliance with Colombian regulations, for any transaction exceeding USD $1,000 or its equivalent in other currencies, it is legally required to retain a copy of the identification document presented, as supporting documentation.
Additionally, please note that it is legal to bring or to carry foreign money to Colombia with amounts exceeding USD $10,000, or its equivalent in other currencies, as long as a proper declaration is made to the National Tax and Customs Authority (DIAN).
Customer Due Diligence
As part of our legal conditions, Interamerican Money is required to conduct due diligence procedures to identify and verify the identity of all customers and final users of foreign currency.
SARLAFT-FPADM Compliance
Interamerican Money is a legally established company in Colombia, supervised by the National Tax and Customs Authority – DIAN.
In line with our ongoing commitment to compliance and risk prevention, Interamerican Money has implemented a robust Risk Management System for the Prevention of Money Laundering, Terrorist Financing, and the Financing of the Proliferation of Weapons of Mass Destruction (SARLAFT-FPADM). This system is an integral part of our organizational culture and includes policies and procedures that ensure compliance with:
- Colombian Foreign Exchange Regulations
- Requirements issued by the Board of Directors of the Central Bank of Colombia, DIAN, and UIAF
- International best practices and recommendations on anti-money laundering and counter-terrorism financing
To meet all regulatory obligations related to professional foreign currency exchange operations, customers must complete the official forms provided by Interamerican Money and follow the procedures and requirements established by the company in accordance with current regulations.