The Government made official the designation of Juan Carlos Otero as the new president of the Financial Information Unit (UIF), through decree 834/2021 published in the Official Gazette.
Otero had already been fulfilling functions in the body, and his nomination was evaluated in a public hearing carried out on November 30 last, after the resignation presented by Carlos Cruz at the end of October.
Otero is a lawyer graduated from the Faculty of Law and Social Sciences of the University of Buenos Aires (UBA).
He completed a postgraduate degree in Update Program on Prevention of Money Laundering at the UBA, and participated as an international evaluator in the XIII Evaluators Seminar held in Rio de Janeiro, organized by Gafisud (currently Gafilat, the Latin American Financial Action Group).
He worked in different areas of the National State, such as the National Criminal Investigation Court 22; the Superintendency of Occupational Risk Insurers; the National Securities Commission (CNV) and the UIF itself, where since September of this year he has served as a member of the Advisory Council on behalf of the CNV.
Along with Cruz’s resignation, Mariana Quevedo, who held the vice-presidency of the FIU, also resigned.
Cruz and Quevedo had assumed their positions in December 2019, with the start of Alberto Fernández’s term.
The appointment of Juan Carlos Otero was made official after the rigorous public hearing foreseen in the procedure to fill that position, which, for the first time, did not have any type of challenge to the proposed appointment.
