Financial Crime World

Regional Cooperation on Anti-Money Laundering Takes Center Stage in Paraguay and Uruguay

International Effort to Combat Money Laundering and Terrorism Financing Gains Momentum

Asunción, September 12, 2023 - A significant training program aimed at enhancing regional cooperation on anti-money laundering (AML) and combating the financing of terrorism (CFT) has commenced in Paraguay. The “Turning Intelligence into Evidence” workshop is a collaborative initiative between the EU Global Facility, Paraguay’s Secretariat for the Prevention of Money or Asset Laundering (SEPRELAD), and Uruguay’s National Secretariat for the Fight against Money Laundering and Terrorist Financing (SENACLAFT).

Workshop Objectives

  • Enhance information sharing mechanisms between law enforcement agencies in Paraguay and Uruguay.
  • Equip representatives with tools to effectively utilize intelligence in legal proceedings.

Quotes from Key Participants

María Llanes, Minister of the Supreme Court of Justice of Paraguay

“This is an extraordinary opportunity for our institutions to come together and address the complex challenges posed by organized crime. We are committed to strengthening our capacity to investigate and prosecute money laundering cases, and we appreciate the EU’s support in this endeavor.”

“Money laundering knows no borders. We need to work together across regions to tackle this issue effectively. This training is a crucial step towards achieving that goal.”

International Cooperation on AML/CFT

The workshop is part of the EU Global Facility’s broader effort to promote regional cooperation on AML/CFT issues. The program has already been delivered to partners in Jordan, Panama, Seychelles, Turkey, and the UAE.

Conclusion

The success of the workshop underscores the importance of international cooperation in addressing complex threats such as organized crime, money laundering, and terrorism financing. By working together and exchanging information, regional authorities can effectively combat these challenges.