Officials call on congress to approve money laundering law reforms

Authorities of the Financial Information Unit, the Federal Administration of Public Revenues, the Ministry of Economy and the Central Bank requested Congress to move forward with the law for the prevention of money laundering.

The officials expressed their request in an informative plenary session of the General Legislation and Finance Committees, chaired by the officers Lucas Godoy and Alicia Aparicio.

The bill seeks to grant greater functional, administrative, economic and financial autonomy and autarchy to the Financial Information Unit, and among other issues, it also establishes that virtual asset transactions, including cryptocurrencies, must be reported to the agency.

The approval of this initiative is key for the National Government since next year there is a new technical review of the Financial Action Task Force (FATF) and Argentina must update its legislation to the new standards of the entity.