President Funes signed the Law Against Money and Asset Laundering without noticing the lack of special controls for Politically Exposed Persons.
The special controls for Politically Exposed Persons (PEP), was one of the reforms that was left out because the deputies did not approve it and the President, Mauricio Funes did not suggest it despite this being a recommendation by the Caribbean Financial Action Task Force Group (CFATF by its initials in Spanish).
Amendments to the recently approved law are still deficient because they do not include regulations such as special controls for Politically Exposed Persons.
Adherence to the group known as GAFISUD by its initials in Spanish will strengthen the work on preventing and combating money laundering and repressing terrorist financing .
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