Legislative sources reported that the plenary session of the Chamber of Deputies committees that on Wednesday planned to resume the debate on the bill to reform the law for prevention and prosecution against money laundering and terrorist financing was suspended, due to the decreed national holiday. by the Executive Branch to celebrate winning the Soccer World Cup in Qatar.
The meeting, which had originally been called for Tuesday at 2:30 p.m., was postponed without a new fixed date.
The importance of the initiative is due to the fact that a new technical review of the International Financial Action Task Force (GAFI) will be carried out next year, and Argentina must update its legislation to the new regulations issued by the entity.
The reform project is the result of the work groups carried out in which officials from the Federal Administration of Public Revenues (AFIP), the BCRA, the CNV, the National Institute of Associations and Social Economy (Inaes) participated; the ministries of Economy; Justice, and Foreign Relations; the National Coordination for the Fight against Money Laundering and the Financing of Terrorism, the Public Prosecutor’s Office and the Judiciary.
One of the most important reforms contemplated by the initiative is the one that converts the FIU into a decentralized body of the National Public Administration, under the jurisdiction of the Ministry of Economy, with its own legal status, which will function with functional, administrative, economic autonomy and autarchy. and financial.
Another important point is that the number of operations that must be reported to the FIU is expanded, since it incorporates virtual asset service providers, individuals or legal entities that carry out custody and cash management on behalf of a third party. or liquid securities, lawyers and providers of company and trust services.
In the last meeting held on November 30, the president of the Financial Information Unit (FIU), Juan Carlos Otero, explained the changes that are being promoted to the initiative issued by the national government.
