August 12, 2020

The notaries have reported more than 180,000 suspicious transactions of money laundering since 2006 | Economy

Spanish notaries have reported more than 180,000 suspicious operations of money laundering and terrorist financing since 2006, as reported by the director general of the Registries and Notaries, Pedro Garrido. These figures have been disseminated at the opening of the meeting Economic Crimes: the collaboration of the Notary in its prevention and persecution. This event is organized by the General Council of Notaries and the International Union of Notaries (UINL), which represents professionals from 88 countries.

The director of general of the Registry and Notary, Garrido, has affirmed that new technologies and globalization allow conduct operations outside the law which are difficult to follow. Further, the blockchain and other cryptocurrencies can help to launder money of illicit origin. "International collaboration, the analysis of Big Data and the homogenization of mechanisms acquires a fundamental character in the prosecution of these crimes", explained Garrido.

José Ángel Martínez Sanchiz, president of the General Council of Notaries, has highlighted the awareness of the Spanish notary against the blaqueo of capitals and the financing of terrorism. Martínez Sanchiz has emphasized the difficulty for notaries to pursue these crimes. "Society has changed and crime has unimaginable possibilities." We must stop considering economic crimes as white-collar crimes, they are a scourge ", said Martínez Sanchiz.

The president of the UINL, José Marqueño, explained that the objectives of the forum held on Tuesday and Wednesday should serve to propose regulatory changes to the world authorities to intensify and systematize the notarial collaboration in the prevention of crimes such as money laundering or the financing of terrorism. "Following this forum, concrete proposals will be presented to the International Financial Action Group (FATF), which establishes the global standards of prevention for economic crimes ", concluded the Marqueño.


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