Argentina’s Senate passed three bills last week that close loopholes in terrorist-financing, money-laundering and tax-evasion regulations, Dow Jones Newswires reported.
The bills, already approved by the Lower House, await the signature of President Cristina Kirchner. They make penalties for tax evasion harsher and double the sanctions for financial crimes linked to terrorism, the report said.
Argentina has been named a “fallen angel” by Corruption Currents for its tumble on the international stage in policing corruption over the years.
The Financial Action Task Force, or FATF, the international body that combats money laundering and terrorist financing, said as recently as November it recognized progress by Argentina, but the terrorism-finance bill had deficiencies that the country “should address before it is enacted.”
Detailed news link: here
