The Financial Action Task Force (FAFT) urged Argentina to urgently solve «faults in its regime of fight against money laundering and financing of terrorism,” after a meeeting with Government officials in Paris.
FAFT released its official stance after a meeting with Argentine Governmnet officials led by Justice Minister Julio Alak, and even though it acknowlodged the country’s progress, it highlighted that there some worries persist.
FAFT’s official stance was released after the national committee obtained a four month period to make reforms and implement measures with the aim to improve its policies against moneylaundering and the financing of terrorism.
FAFT reiterated that Argentina stands in “a grey list” and despite the draft bills that the Government sent to the Congress to modify the Penal Code and thus strengthen the fight against money laundering, they warned on the need of solving certain faults they found in the bills. “The bil has certain faults that Argentina must solve before they decide to implement it,” FAFT stated in its website.
The Financial Action Task Force underscored «certain progress» the country has made on the subject and «the political commitment» that the government displayed on the issue but clarified that “we remain worried over certain fault’s on Argentina’s regimee against money laundering.”
“FAFT will keep on supervising Argentina’s evolution and, more specifically, will work with the country over measures and parameters to evaluate the effective application of money laundering in the penal code,” they stated.
“FAFT urges Argentina to keep on working with urgency to solve the faults,» in its fight against money laundering and the financing of terrorism.
Source: Buenos Aires Herald