Paraguay registers in its name 1.1 million dollars stolen from the State

Paraguay registered 1,18 million dollars (7,000 million guaranies) stolen from the State through a diversion of funds made by a former customs official, convicted in 2007, the Attorney General of the Republic reported today at a press conference. Sergio Coscia.

That figure is the estimated value of the four buildings confiscated to which the former official assigned the stolen funds to the State.

Coscia also noted that the Paraguayan State has achieved with the new management the registration in his name of between 6.4 and 6.7 million dollars (38,000 and 40,000 million guaranies) of property from other punishable acts, such as organized crime or corruption, in today's case.

However, the Attorney General acknowledged that processes should be streamlined so that the assets seized in these causes do not lose their value over the years.

In this sense, he spoke about articles such as cars, whose price in the market falls as time passes.

"We want the recovery of assets to be effective, not just a gesture, that is really valid," said Coscia.

The announcement coincided with the presentation today in Congress of a package of projects against money laundering and terrorist financing, with the goal of overcoming the evaluation of the Financial Action Task Force (FATF).

It was in the framework of a summit of the three branches of the State and with the presence of those in charge of the Secretariat for the Prevention of Money Laundering or Property (Seprelad), in an initiative that includes twelve draft laws for the amendment of laws to fight against Money laundering and organized crime.

The initiative responds to the National Government's plan to successfully pass the FATF review in 2020.

The results of the evaluation will be made public on December 3, 2020 and Paraguay trusts to avoid the re-entry into the Gray List, which was already in 2008, after the evaluators observed the country's weaknesses in the fight and prevention of the money laundering.

Paraguay managed to leave that group in 2012, when their efforts to tackle this problem were recognized, and a year later, in 2013, the strategic plan that is now being updated was presented.


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