Argentine CFT Bill Will Avert Possible FATF Criticism, Say Officials

By Colby Adams and Larissa Bernardes

Legislation approved Thursday by Argentina's congress will bring the South American nation in line with international counterterrorism financing standards, say current and former officials of the country's financial intelligence unit. The bill, which is expected to be signed into law this month, will allow for the confiscation of terrorist funds and the extradition of terrorist suspects, among other changes. The measure would also reconcile Argentina's definition of terrorist financing with international standards in order to better facilitate data sharing with investigators in other nations. The legislation is intended, in part, to address deficiencies highlighted by the Paris-based Financial Action Task...