In the April 22nd, 2010 edition of el Periodico, in the Politics section an article was written titled” Congress passes a new law against money laundering. The article emphasizes that according to the PSOE the new law will help eliminate sources of financing for terrorist groups. Congress unanimously approved the law designed to ensure that the proceeds of criminal activities are incorporated into the legal financial system. The law that was passed incorporates the European directive on money laundering, and the recommendations of the Financial Action Task Force in order to unify the prevention criteria against the money laundering. According to the Socialists, Gloria Gomez Santamaria spoke of how the law contains “significant progress” as it extends the existing law of prevention of money laundering to terrorist financing. The MEP stressed that cutting the flow is “vitally important” to counterterrorism. Deputy Buadillo Tome stressed the unanimity shown by all political groups, also indicating that the new law allows lightened tax burdens and a strengthened legal security. Also stressed is the emphasis in the need for Spain to continue the fight against tax havens worldwide, whereas some criticize how it’s now easier for investors residing in other countries to buy Spanish public debt.
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