In this case, as opposed to what happens on money laundering, Argentina does not yet have any substantive law on terrorist financing, which hinders the application of sanctions in addition to the freezing of funds, which takes place immediately. Our country is aware of the importance of typifying terrorist financing as soon as possible.
Therefore, we are working jointly with other bodies of the Executive, Legislative and Judicial Branch, to pass new legislation to make Argentine criminal law consistent with international regulations. The first step in this process was the recent ratification of the United Nations Convention for the Suppression of the Financing of Terrorism.