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Latin America Investment News on Viva Tropical

23 Latin Countries Agree on Creating Law Against Money Laundering

Article Summary:

About 200 parliamentarians from 23 Latin American countries agreed upon a draft framework law against money laundering. The law will provide for the creation of the Information and Financial Analysis unit, whose responsibility is to request information, background and any factors it deems relevant to the fulfillment of his duties. Additionally, the provision provides that the national laws of each country should include in their legal frameworks: that financial institutions maintain accounts registered and cannot open or keep anonymous accounts or accounts under fictitious names or inaccurate.

Photo Credit: La Prensa


Original Article Text From La Prensa, Panama:

Parlatino Approves Projects Against Money Laundering and Climate Change

About 200 parliamentarians from 23 Latin American countries adopted several draft framework law for an ordinary meeting held in Panama.

Among the rules adopted by the deputies of the Latin American Parliament (Parlatino) is the legislation against money laundering, which provides for the creation of the Information and Financial Analysis.

The provision provides that the national laws of each country should include in their legal frameworks: that financial institutions maintain accounts registered and can not open or keep anonymous accounts or accounts under fictitious names or inaccurate.

At the meeting of Latin American Parliament, which was held in Panama for five days, also approved the draft framework law against kidnapping, which requires authorities to conduct inquiries on his own when registering these cases tend to the exercise of criminal action.

Meanwhile, on the issue of climate change, Latin American and Caribbean states will create the necessary mechanisms in the framework of a national climate change program to mitigate its effects, said in the note Parlatino.

Link to Original Article:

From La Prensa, Panama via Google Translate

Latin America Investment News on Viva Tropical