Analysts and consultants point out that there will not be a massive influx of dollars with the implementation of the current money laundering.
The first perceptions of the money laundering that the current national Government promoted do not meet the expectations that were foreseen in the definition of the conditions, which proposes zero cost for the entry of up to 200,000 dollars into the country until September 30th.
Analyst reports from market and accounting studies serving large companies point to a sum that ranges between US$ 25,000 million and US$ 30,000 millioneven though the official intention was to collect some US$ 40,000 million. These amounts are significantly lower than other historical money launderings that the country had, as in the case of Mauricio Macriin whose government they entered US$ 117 billion.
From the C&T consultancy, María Castiglioni responded to DIB that most of the money laundering will be destined to investments exempt from 10%so its impact will be fundamentally on activity and the advance collection of personal assets. For his part, Rodrigo Álvarez, from Biutin Inversiones, pointed out in MDZ that “many SMEs and middle-income families, with savings of up to US$300,000, will launder, deposit and buy some financial asset” which “will boost construction and the automotive market“.
Finally, on Canal E, the director of Reporte Inmobiliario, Germán Gómez Picasso, considered that “the real estate market is working quite well without money laundering, There is more expectation in mortgage credit than with money launderingwhich may attract some buyers of apartments under construction but is a somewhat limited whitewash.”
Money laundering: there will be no limits on transfers to special accounts for investing funds
He Central Bank (BCRA) and the National Securities Commission (CNV) They came out to clarify that nor there are restrictions on making transfers of the regularized money into the special accounts set up to invest those funds in any of the authorized financial instruments.
“The CNV and the BCRA inform that, under the asset regularization regime established by Law 27,743 and its regulations, it is possible to make transfers from the special bank accounts of clients from the date of crediting the regularized funds without restriction of amount to the special regularization bank accounts of the Clearing and Settlement Agents (ALyC) for the application of the funds in eligible investments, through said agents,” the agencies said in a joint statement.
This means that when a person has deposited money into the laundering bank accounts, You can transfer the amount you want (without limits) to the special accounts in the ALyC from which you can invest.
Money laundering: what can the money be invested in?
The possibility of applying laundered capital to a wide range of financial assets is one of the incentives that the Government included in the Law of Fiscal Measures. And during the regulation it added new options. After the latest additions, The investment options are as follows:
- Public securities issued by the National State -including BOPREAL-, and the Provincial, Municipal states and/or the Autonomous City of Buenos Aires.
- Actions placed by public offering authorized by the CNV.
- Negotiable obligations with public offering authorized by the CNV.
- Shares of Mutual Funds open and closed, the latter placed by public offering authorized by the CNV.
- Certificates of participation or debt securities of trusts placed by public offering authorized by the CNV, intended for the financing of MSMEs, and/or investment and/or financing in productive, real estate and/or infrastructure projects, to promote productive investment.
- Deferred payment checks and promissory notes traded on Markets authorized by the National Securities Commission in any of the authorized segments.
Source: Ambito
