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The FIU enabled working groups with private parties to advance anti-money laundering regulations

The FIU enabled working groups with private parties to advance anti-money laundering regulations
The FIU enabled working groups with private parties to advance anti-money laundering regulations

The Government calls on private sector actors to participate in mixed (public-private) Working Groups to work on regulatory modifications.

The Financial Information Unit (FIU) seeks to advance a series of reforms within the regulation of Prevention of Money Laundering and Financing of Terrorism (PLA/FT) and, within this framework, it seeks to call on private sector actors to participate in the formation of mixed Working Groups (public-private) to work on addressing the implementation of regulatory modifications.

In that sense, Resolution 96/2024 of the UIF was published this Thursday in the Official Gazettewhich states that “in order to facilitate fluid communication and collaboration” in the area of ​​PLA/FT/FP, it is provided for “to enable the formation of Working Groups with the private sector contemplated in article 20 of Law 25,246 (which is the Law on Money Laundering) and its amendments.”

He Chief of Staff of Advisors of the UIF will determine, depending on the subject matter to be discussed in each case, the areas that will participate in the Working Groups and after each meeting, minutes will be drawn up indicating the subject matter discussed and those attending.

This is after an Argentine delegation of specialists participated in the first day of the meeting of the Financial Action Task Force (FATF)which took place between June 23 and 26 in Singapore and where measures regarding money laundering and terrorist financing were analyzed.

The objective of PLA/FT work tables

The objective of this initiative is advance the implementation of the standards established by the FATFwhich our country has been part of since 2000.

It should be remembered that the FATF is an intergovernmental body whose purpose is the development and promotion of international standards to combat Money Laundering, Terrorism Financing and the Financing of the Proliferation of Weapons of Mass Destruction (LA/FT/FP).

In this context, Argentina must permanently ensure the adoption of good practices and international standards current FATF regulations, to comply with the committed public interest of preventing and combating ML/TF/PF crimes.

Source: Ambito

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