The regulation, signed by Mariano Cúneo Libarona, makes official the president of the Financial Information Unit (UIF), in charge of this task.
Through Resolution 37/2024 of the Ministry of Justice and published in the Official bulletin, The Appointment of the Coordinator and alternate national representative of Argentina before different international organizations in the financial sector was finalized. In this way, the norm that bears the rubric of Mariano Cúneo Libaronamakes official Ignacio Martín YacobucciPresident of the Financial Information Unit (UIF), in charge of this task.
The official text states that considering that the Ministry of Justice holds the National Representation before the Financial Action Task Force (FATF), the Financial Action Task Force of Latin America (GAFILAT) and the Group of Experts on Money Laundering of the Inter-American Commission against he Organization of American States Drug Abuse (LAVEX-CICAD-OAS), makes the decision to put into effect Yacobucci at the head of this representation.
Likewise, it highlights that the Financial Information Unit (UIF) has the power to exercise National Representation alternately, in coordination with the Ministry of Justice, as provided by current regulations.
So things are, Yacobucci will represent Argentina in the activities and meetings of these international organizations, focused on the fight against money laundering and the financing of terrorism.
According to the official text, “This measure will not generate additional expenses for the budget, thus complying with the Government’s provisions.“And he adds that Yacobucci’s appointment will guarantee active and efficient participation in the aforementioned international forums, strengthening the country’s commitment to the fight against illicit practices related to money laundering and the financing of terrorism.
What are the organisms?
The organizations mentioned by the official regulations and with which you will meet Yacobucci As of the designation of the Ministry of Justice, they are:
- FATF (Financial Action Task Force): is an intergovernmental organization established in 1989 with the primary objective of developing policies to combat money laundering and terrorist financing internationally. The FATF issues standards and promotes the implementation of measures to prevent and combat these illicit activities.
- GAFILAT (Latin American Financial Action Group): is a regional organization that operates in Latin America and the Caribbean, whose objective is to combat money laundering and the financing of terrorism in the region. GAFILAT is governed by FATF standards and works in collaboration with member countries to strengthen their systems and policies against these practices.
- LAVEX-CICAD-OAS (Group of Experts on Money Laundering of the Inter-American Commission against Drug Abuse of the Organization of American States): This group is part of the Inter-American Commission for the Control of Drug Abuse (CICAD), which in turn is an organ of the Organization of American States (OAS). LAVEX focuses on specific issues related to money laundering and works to strengthen the capacities of Member States in preventing and combating this illicit activity.
Source: Ambito
