http://www.buenosairesherald.com/article/59787/alak-fatf-will-not-sanction-argentina-over-money-laundering

Justice Minister Julio Alak announced that the Financial Action Task Force (FATF) is not going to sanction Argentina over money laundering, after the country attended a meeting held by the organization in Paris.

Alak assured that the “FATF will make some recommendations, but will not apply any sanctions to the country, which fully cooperates with the organization. Even some countries, as Norway, Ireland and Brazil, praised Argentina. Only the US had some suggestions.”

During the encounter which began on Tuesday and is scheduled to last until Friday, the minister gave a detailed report of the measures taken by the government to fight against money laundering and the financing of terrorism.

Mr. Alak presented a decree signed by President Cristina Fernández de Kirchner in December which assigned the Financial Information Unit to coordinate and direct the national system for the fight against money laundering and financing of terrorism, along with the international organization.