Hat tip: A.O.
(180.com.uy) The prosecutor yesterday resigned as Enrique Moller Attorneys Association of Uruguay (AFU) to prevent his colleagues submitted to a Court of Honor. Similarly, one of their clients for money laundering would be extradited to Uruguay.
Published: October 29, 2008 at 10:59
By: William Garat
“There are no reports” of real estate.
By Mauritio Cavallo
The Central Bank of Uruguay (BCU) received during 2008 a total of 191 reports of unusual or suspicious transactions, allegedly linked to illegal activities, most of them made by the financial sector. It has also been an increase in complaints from the casinos. The war on money laundering proceeds of criminal activity of any kind has been one of the issues that the administration of Tabaré Vázquez has paid great attention. In this regard, the government sent to Parliament a bill This extension of Act No. 17,835 of prevention and control of money laundering and terrorist financing. This proposal provides for the extension of the criminal offense as trademark counterfeiting and fraudulent corporate insolvencies liability of directors of corporations such as activities that can also wash your money. It also proposes special investigative techniques, which creates the figure of “undercover agent” be enabled “wiretapping” and “controlled delivery” under the control and authorization of the competent judge. In this context, the director of the National Anti Money Laundering, Ricardo Gil Iribarne, said the project seeks to correct deficiencies.
The chief recognized the Republic that there are shortcomings from the preventive point of view in the non-financial sector, ie sectors: real estate and corporate tools. Ricardo Gil Iribarne said that while there is a general regulatory framework, lack anyway “it down to earth, implement and supervise someone, so this will be a priority for 2009. The chief said the government works in two ways, ie an increase in the reports, but they are “safe and high quality.” He added of the 191 suspicious transaction reports sought the BCU in 2008, 138 came from the banking sector, while real estate “there are no reports.” Anyway, the only non-financial sector information is reported to the BCU over the past year has been to casinos (see box). If it were five reports, “anyway in Uruguay are a few casinos with high levels of play where they can generate this kind of suspicion. In the municipal casinos the risk level is lower for the type of clients, thus presumably more complicated situation occurs in the casinos where gamblers East foreign and strong, but also control systems. ” In any case the existence of “reports” does not necessarily mean the case of illegal or illicit activities, but are acts which the complainant institutions caught their attention because there was an unusual movement of money, and therefore to communicate the facts BCU. For its part, the BCU performs its own analysis, collects more information, intersects with other institutions and if it feels that there is merit then forwards the information to Justice. Gil Iribarne said that every year there has been a gradual growth in number of reports, maintaining quality, even with tickets to justice. In that sense, exemplified by the application of international arrest for money laundering by a religious Russian-Argentine who administered the triangulation from Russia of money from corruption.
The Russian-Argentinean citizen Alexander Iwaszewicz, who chaired a Financial Investment Company (SAFI) Triangle money from Uruguay, Russia and Cyprus. Since the secretariat was created in 2005, there were 33 prosecutions in prison for offenses connected with money laundering activities.