Foreign Ministers, ambassadors and special guests celebrate Inter-American Democratic Charter anniversary, Photo:OAS
Sergio Espinosa, head of the Financial Intelligence Unit of the Superintendence of Banking, Insurance and Private Pension Fund Administrators of Peru (SBS) has been appointed President of the Expert Group for the Control of Money Laundering (Gelavex) during the 41st Meeting held in Lima.
The appointment will be for the 2015-2016 period and demonstrates the country’s commitment and progress made to counter money laundering and combat the financing of terrorism.
Gelavex is part of the Inter-American Drug Abuse Control Commission (CICAD) of the Organization of American States (OAS), which main mission is to strengthen human and institutional capacities of its member states in order to reduce production, trafficking and consumption of illicit drugs, and legitimization of capital through criminal activity.
The work undertaken by the Group is important because it is a hemispheric forum of debate, analysis and drawing of conclusions in the fight against money laundering. The Group gathers representatives from 34 member nations and its board of directors comprises a President, a Vice-President and a Technical Secretary.
Espinosa informed that Gelavex is trying to develop policies, good practices and research concerning money laundering.
"This recognition has to do with the work carried out in Peru in the fight against money laundering, taking into account the fact that we have made huge progress with regard to previous years," he stated.