Monday April 19, 2021
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home » Colombia’s Main Banking Association Refuses to Launder FARC Guerrilla Money

Colombia’s Main Banking Association Refuses to Launder FARC Guerrilla Money

Andrés Fernández by Andrés Fernández
July 7, 2017

Tags: Money LaunderingSantos FARC Deal
0
0
SHARES
0
VIEWS
FacebookTwitterTelegramWhatsapp
Colombia's banking association has pledged to be vigilant regarding laundering FARC funds (
Colombia’s banking association has pledged to be vigilant regarding laundering FARC funds (Unal).

Español

Santiago Castro, the president of the Colombian bankers’ association Asobancaria, said that mechanisms are in place to prevent illegal funds from the FARC guerrilla group from being deposited in the financial system.

RelatedArticles

Three Signs That Elon Musk Has the World at His Fingertips

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips

Three Signs That Elon Musk Has the World at His Fingertips

February 1, 2021

According to the association of the Colombian financial sector, money coming from illegal activities by the guerrilla group must be investigated and prosecuted by the authorities.

  • Read More: US Approves $450 Million to Finance Santos-FARC Stitch-Up in Colombia
  • Read More: Swiss Chancellor Subpoenaed over Intervention in Colombian FARC Peace Deal

The Office of the Attorney General and other bodies responsible for financial and regulatory controls are currently investigating the illicit assets and funds handled by the armed group, which they are required to hand over as part of the peace process with the Colombian government.

“We will not allow money laundering on the part of the FARC. Surely the guerrillas have funds stashed away abroad, in tax havens,” said Castro.

Colombian banks “do not open bank accounts to subversive groups, nor will we launder money,” he insisted.

He emphasizes that the banking sector is committed to providing banking services for people who have demobilized, and are currently in the process of reintegration into civilian life, but once they have fulfilled that process in conjunction with the rule of law.

Castro noted his dissatisfaction with comments from some small businessmen in the country who would rather pay a peace tax than hire demobilized individuals.

“It is clear that banking is quite demanding when hiring staff, but in case these people are fully qualified to enter the sector, there is no doubt that we can count on them,” he said.

Castro’s statements took place before the launch of the Pan American Congress on Money Laundering and Financing of Terrorism to be held in the coastal city of Cartagena on July 13 and 14.

Also under discussion was a proposal by the Attorney General of the Nation, Nestor Humberto Martinez, demanding that the government provide an inventory of funds and assets that are a product of extortion, drug trafficking, and other crimes, during the same time period that the FARC disarms.

The Marxist guerrilla group has been at war with the Colombian government for the better part of six decades, but has recently pledged to demobilize, lay down weapons, and reintegrate into civilian life.

Source: La FM

Tags: Money LaunderingSantos FARC Deal
Previous Post

Mexico’s Trade Surplus with US Surpasses Those of Germany and Japan

Next Post

“This Is a Step towards Liberty” in Venezuela: Political Prisoner Leopoldo López

Andrés Fernández

Andrés Fernández

Felipe Fernández is a reporter from Colombia for the PanAm Post. He's a law student at the La Gran Colombia University in Armenia. Follow him on Twitter: @Ffernandezp

Related Posts

Three Signs That Elon Musk Has the World at His Fingertips
News

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
Analysis

Three Signs That Elon Musk Has the World at His Fingertips

February 1, 2021
Three Key Moments to Remind Us That the UN Is a Nest of Oppressive Regimes
Analysis

Antiracist Baby: Netflix Series Loaded with Racially Indoctrinating Children

January 29, 2021
Three Key Moments to Remind Us That the UN Is a Nest of Oppressive Regimes
Asia

Chinese Regime Silences Relatives of COVID-19 Fatalities During WHO Visit

January 29, 2021
Three Key Moments to Remind Us That the UN Is a Nest of Oppressive Regimes
Analysis

Three Key Moments to Remind Us That the UN Is a Nest of Oppressive Regimes

January 29, 2021
Dollarization Advances in Venezuela with Debit Cards for Foreign Currency Accounts
Argentina

Argentina Drags Chile in its Bipolar Madness Over Venezuela

January 28, 2021
Next Post
“This Is a Step towards Liberty” in Venezuela: Political Prisoner Leopoldo López

"This Is a Step towards Liberty" in Venezuela: Political Prisoner Leopoldo López

Discussion about this post

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.