2024-11-01 23:48:00
The national government is working to amend the legislation Eliminate the names of persons involved in money laundering activities from the database.
“We are working hard to achieve this”the president responded. Javier Miley A reporter’s post, where he wrote that it was about erasing tax records to avoid future taxes.
The Economy Minister echoed President Milley‘s response, Louis Caputo.
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Government extends first phase of money laundering, exciting over $18 billion
On Wednesday, the Ministry of Economic Affairs reported in a press release that “in this way, funds between the two countries November 1, 2024 and November 8, 2024regardless of whether funds have normalized as of and including October 31, 2024.
Results of the first stage of money laundering
ARCA (formerly AFIP) announced Results of the first phase of the asset formalization system”, “The national policy on palliative and related fiscal measures set out in Law No. 27,743 has been a great success and is a sign of the confidence gained through the joint efforts of the Ministry of Economy and ARCA.
The main data according to ARCA as of October 31, 2024 are as follows:
- $19.023 billion in CERA/ALYC account
- 300,967 accounts
- Other declared assets US$1.935 billion
- 104,390 taxpayers
- 11,233 properties (10,817 in Argentina, 416 abroad)
- $19 million in digital currency
- 4,903 overseas accounts (U.S., Switzerland, Uruguay, Spain, etc.)
- Special regularization tax collection of US$263 billion
“Inflation is down, poverty is down, national risk is down, We removed regulations and that’s why confidence is restored in Argentina, This is the result of the bitter legacy left upon us by poor lefties,” Milley said of the results of the whitewash.
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**Interview with Javier Miley, President of Argentina**
*Date: November 1, 2024*
**Interviewer**: Thank you for joining us today, President Miley. We’ve seen a lot of discussion regarding amendments to the Anti-Money Laundering Law, particularly concerning the removal of names linked to money laundering from government databases. Can you provide us with more insight into this initiative?
**President Miley**: Thank you for having me. Yes, we are indeed working hard to amend the legislation to enhance our anti-money laundering framework. Our goal is to streamline processes and ensure that we’re creating an effective environment to combat money laundering, while also maintaining privacy and fairness.
**Interviewer**: There have been concerns raised about the implications of erasing such records. Can you address those concerns, particularly regarding transparency and accountability?
**President Miley**: I understand those concerns fully. The aim is not to eliminate accountability; rather, it’s about distinguishing between individuals who have genuinely reformed and those who may still pose a risk. We believe that by focusing our efforts on current threats, we can better allocate resources and protect our economy.
**Interviewer**: Economy Minister Louis Caputo echoed your sentiments recently. What collaboration can we expect from the Ministry of Economy in the efforts to prevent money laundering while amending this law?
**President Miley**: We are working closely with Minister Caputo and his team to ensure that our approach is robust and comprehensive. This includes not only legislative amendments but also better training for our law enforcement and financial institutions. We are committed to ensuring that Argentina is a leader in AML/CTF compliance without compromising on due process.
**Interviewer**: Lastly, the government has mentioned a figure of over $18 billion related to unreported money laundering activities. How do you plan to address this issue, and what measures will be put in place to recover these funds?
**President Miley**: That’s a significant figure, and we are taking it very seriously. We are enhancing our collaboration with international bodies to track these funds more efficiently. Furthermore, we are implementing stricter controls and oversight for financial transactions to safeguard against any future risks. Our commitment to combating money laundering is unwavering, and we will ensure that these measures are effective.
**Interviewer**: Thank you, President Miley, for your time and insights. It sounds like there are significant changes coming in Argentina’s approach to money laundering.
**President Miley**: Thank you for the opportunity. We are excited about these changes and the potential they have to strengthen our economy and protect our citizens.
