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Wednesday, May 4, 2011

Approve amendments to the law of money laundering

(Argentina Twitter)-The project, approved by 190 votes, was supported on the floor of the Front for Victory, Fresh Encounter, the Radical Civic Union, the Socialist Party, GEN, Federal Peronism and Project South, while the PRO and Civic Coalition abstained.


The session led by the ruling party began at 14.30 with the presence of 129 deputies in the room, then that failed for lack of quorum on the whole previously called by the opposition.


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Meanwhile, the president of the bloc of members of the Frente para la Victoria, Agustín Rossi, said that the draft law against money laundering "is a tool to be more efficient in fighting crime recognized as a complex, transnational" .
He added: We are not because we like the FATF, because we must, because it requires coordination.


Nor, with the enactment of this rule, be unreasonable lack extensive time, unlike what is currently happening in terms that require a certain amount of prepaid payments for the affiliate to make effective use of the service.


In this way, and after several years of parliamentary debate, the House accepted the changes made last year by the Senate voted on the original penalty in 2008 by the House, based on a project initiated by former ruling party lawmaker Patricia Vaca Narvaja.


Deputy of the Civic Coalition (CC), Alfonso Prat-Gay, said the reform of legislation seeks to "improve the offense and improve legal tools to combat money laundering", but added that "the acceleration in recent times had more to do with possible FATF sanctions.


Moreover, both members of the Civic Coalition, which highlighted some progress made by the rule-like PRO anticipated its position in the room and asked to refrain, even though both had supported the text when it passed the House in 2008 .


Last week, before the Justice Commission of the Chamber of Deputies, the justice minister, Julio Alak, drew a disturbing diagnosis on the subject. "We are in a delicate and serious situation. The President instructed me to make the alert about the seriousness of the situation," he said.
Cristina Kirchner had called for the enactment of the law during his speech at the opening of the regular session of Congress on March 1 last.

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