In order to provide training and advice to lawyers, in matters of fiscal transparency, prevention of money laundering, financing of terrorism and financing of proliferation of weapons of mass destruction, the Minister of Economy and Finance, Hector Alexander, signed an agreement with Juan Carlos Arauz, President of the Bar Association (CNA).
In the agreement, the Ministry of Economy and Finance (MEF) will accompany the CNA, in the different seminars, trainings and advice that are going to be held, for lawyers, union members or not, at the national level, in response to the entry into force of recent laws on tax transparency, prevention of money laundering, financing of terrorism and financing of proliferation of weapons of mass destruction.
The agreement establishes the commitment of the MEF to provide the trainers who will facilitate the seminars, trainings, and counseling, be they from the ministry or from other institutions; and the CNA, undertakes to establish the logistics and seek the assistance of the legal professionals who will participate in this process, so that they know and put into practice the new policies on regulatory compliance that imply new responsibilities for them.
The pact primarily entails a better understanding of the laws related to money laundering, financing of terrorism and the proliferation of weapons of mass destruction, between both participating bodies.
And it will have a term of one (1) year, which may be extended by agreement between the parties for an equal period.
Present at the signing were the Minister of Economy and Finance, Hector Alexander, the technical secretary of the National Commission against Money Laundering, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction (CNBC), Isabel Y. Vecchio Arófulo, the president and vice president of the ANC, Juan Carlos Araúz and Maritza Cedeño Vásquez, respectively.