According to what was published in the Official Gazette, the decree is issued within the framework of the fight against terrorism and the search for international peace and stability. He also remembers that “Argentina has been the victim of two terrorist attacks” so it is necessary to delve deeper into the matter.
Through the Decree 496/2024 about Concealment and laundering of criminal origin Published this Thursday in the Official Gazette, the Government launched new measures to prevent financial crimes. The rule bears the signature of the president Javier Mileifrom the Minister of Justice, Mariano Cuneo Libarona and the chief of staff Guillermo Francos.
The decree, as mentioned, aims to strengthen the national prevention system and combat money laundering, the financing of terrorism and the financing of the proliferation of weapons of mass destruction.
To do this, it made some modifications to the existing regulations, such as: “The scope of the Public Registry of Persons and Entities Linked to Acts of Terrorism and their Financing (RePET) is expanded to include persons or entities that, in the well-founded opinion of the bodies of the National Executive Branch, represent a current or potential threat to the security of the nation“.
Likewise, procedures are established for the exclusion from RePET of people or entities that no longer meet the inclusion criteria and measures are reinforced for the identification and “the freezing of assets linked to people or entities included in the RePET“.
A mechanism is also created for the request of exclusion from the RePET by people or entities that have been included in it by decision of the bodies of the National Executive Branch and finally, it maintains that The Ministry of Justice will dictate the complementary, operational and procedural rules necessary for the application of the decree.
Key points of the regulations
- Argentina is a full member of the Financial Action Task Force (FATF) and the Financial Action Task Force of Latin America (GAFILAT) since 2000.
- The RePET was created within the framework of the National Risk Assessment of Money Laundering, Financing of Terrorism and the Proliferation of Weapons of Mass Destruction.
- Argentina has been a victim of two terrorist attacks: one against the Embassy of the State of Israel in 1992 and another against the Asociación Mutual Israelita Argentina (AMIA) in 1994.
- The decree is issued within the framework of the fight against terrorism and the search for international peace and stability.
Source: Ambito
