The organization headed by Santiago Bausilli, detailed what can be done with the laundered funds at the beginning of the extension period.
After the Federal Public Revenue Administration (AFIP) regulate the new stages of money laundering, it was the Central Bank’s turn. Through Communication “A” 8110/2024, the organization headed by Santiago Bausilli regulates the extension of the Asset Regulation Regime in which it gives details of how the funds can be used.
According to the letter, as of this Tuesday, “the funds deposited must remain unavailable until 09/30/24 or 10/31/24 inclusive -as appropriate-, in accordance with the provisions of Decrees 608/24 and 864/24 and the regulations established by the AFIP for this purpose.
In the event that the total regularized amount is up to u$100,000, and the owner decides transfer the amount deposited in this account to another own account before the deadlines scheduled for the manifestation of Stage 1 adhesion – as applicable –, the financial entity must require that the latter declare –with the character of a sworn declaration– that this amount will be useduntil the aforementioned deadlines, in duly documented onerous transactions –“These are understood to be those that have the corresponding support of the relevant receipt (invoice, sales receipt, deed, among others).”
Furthermore, it is clarified that, during the period of unavailability “Debits other than those specifically authorized will not be accepted.”
What can you invest in for whitewashing?
The broker Adcap Grupo Financiero suggests the ON of YPF that expires in 2025 and “it seems to indicate that the company uses its current cash because it believes that, in October, it will be able to access a demand for ONs, which until now was not available and is willing to finance it at lower rates.” Likewise, Adcap reminds that money laundering funds can be invested in the following instruments:
- public securities: issued by the national, provincial, municipal and/or CABA State
- participation certificates: trusts for productive investment, real estate, infrastructure and SME financing
- shares of mutual funds open and closed
- actions placed by public offer
- negotiable obligations
- deferred payment checks
- stock market promissory notes
- public securities/securities in risk funds of mutual guarantee companies.
- onerous operations: real estate projects started on or after July 8, 2024 or that, as of that date, have a degree of progress of less than 50%
- vehicles that meet the conditions proposed by the resolution.
- construction lease contracts or similar contracts.
Finally, analysts recommend an investment portfolio according to the profile of each investor. “to not pay 5% if we have more than US$100,000“.
For those who seek higher returns while assuming greater risk, there are bonds like GD35, which offers a yield in dollars close to 17%, or the CER-adjustable Treasury Bond maturing in 2024 (T4X4), constitute an ideal option to gain in the short term against inflation.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
