The CBU (Clave Bancaria Uniforme) is a unique 22-digit identifier for a traditional bank account (held at a regulated bank). The CVU (Clave Virtual Uniforme) is the equivalent 22-digit identifier used for virtual accounts held by FinTech companies or payment service providers. Both codes function similarly for receiving transfers.
Sources: https://www.bcra.gob.ar/mediospago/Clave-Virtual-Uniforme.asp and https://www.bcra.gob.ar/mediospago/Clave-Bancaria-Uniforme.asp
Like all reputable money exchanges, we are registered with AUSTRAC and regulated by the Australian Securities and Investment Commission (ASIC).
S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. This means you are required to provide I.D. when you place an order. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.
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