Uruguay to fight against Money Laundering

As many governments all over the globe are fighting against money laundering, Uruguay is also planning to make some steps to try to defeat this problem.

The President of Uruguay, Jose Mujica recently announced the intention to loosen the country’s bank secrecy laws, which is a necessary step to run after Uruguayan money launderers both in Uruguay and abroad.

However, President Mujica should expect many people to oppose this move as the additional 12% tax for deposits and investments made abroad is to be introduced.

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