The government has made efforts to ensure that the country does not return to the FATF grey list, but it seems that it is not enough. Experts are speaking out about this situation.
The country has made progress in regulation, but is lacking in enforcement.
Freepik
Argentina is in the process of Assessment by the Financial Action Task Force (FATF) and many voices are warning these hours that The country could once again be placed on the “grey list” of that organisation for failures to comply with international recommendations on the prevention of money laundering and terrorist financing (PLA/FT).
“Clearly there is a high probability that our country will return to the FATF grey list because the meetings that the organization had with the obliged subjects and with the Financial Information Unit (UIF) reflected positive data, but They detected flaws in the Justice systemsince There are not too many convictions and it takes a long time to resolve the cases.“, confirms to Ámbito Daniel Perrottaconsultant at Decisio and international speaker on PLA/FT.
In fact, he mentions that, just when the FATF mission was in Argentina, it came to light that the Skanska case, which dates back to 2007 and is still unresolved by the courts, was being revived. One of the many causes of corruption that still have no resolution In our country, especially those that involve politics.
These types of repeated situations make this year, Argentina could return to the grey listwhich is the group that names countries in the world that pose risks of money laundering. Our country was already in that group between 2010 and 2014, but it made efforts to get out and succeeded.
Note in development,-
Source: Ambito
