To prove our commitment to work jointly with the international community, we also have brought forward this issue within the Center for Latin American Monetary Studies (CEMLA) a hemisphere agency we are chairing until May 2007 – and we are in active cooperation with the work done in the Americas by the Organization of American States (OAS), in South America through GAFISUD, as well as with initiatives at the national level such as those developed by the Central Bank of Argentina together with my colleagues in the region.
As a result of increasing capital mobility and the ongoing development of new means of payment, and given their complex nature, these crimes directly hit the financial system. However, we are aware that they affect the financial system in a somewhat different way compared to traditional criminal activities. Therefore, prevention, combat and follow-up actions must be addressed differently.