Within the framework of the fourth round of FATF evaluations, Argentina obtained good results and will not be on the gray list.
Argentina approved the FATF review.
“We got rid of the FATF gray list”, celebrated a message from an expert in panti-money laundering (PLA) sent to Scope, The verdict of the Financial Action Task Force (FATF) regarding the evaluation he made of the Argentina’s financial crime combat system. “We are not on the Gray list!!!!!”, reacted another specialized consultant.
The license to put so many exclamation points is in order to reflect the enthusiasm that the news generated, after learning this Thursday around noon, in those who closely followed the entire FATF evaluation process on Argentina. And it is no wonder, because, as Emilse Córdoba, director of Bell Inversiones, explains to this medium, “for the Argentine Market to fall on the gray list would have been very harmful.” since, by being part of this list, the entire banking, financial and legal structure would be modified.”
It happens that, when a country enters the gray list of the international organization that sets recommendations for the entire world to prevent and combat money laundering, “automatically, the risk of each natural and legal person that resides and operates in that market increases, and foreign entities must increase their Due Diligence tasks and may even make the decision not to establish ties with Argentines.”
On the other hand, Córdoba mentions that the risk of evaluating the debt issued, both by public and private agents, would also be modified and, given this, it is very likely that massive sales will occur by the different external agents that, due to their internal Manuals, do not They can invest in countries qualified to enter the gray list.
News in development.-
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
