Reform The Eighth Paragraph Of Article 37, Of The Special Law Against Acts Of Terrorism.

Original Language Title: Refórmase el inciso octavo del Art. 37, de la LEY ESPECIAL CONTRA ACTOS DE TERRORISMO.

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here: http://www.asamblea.gob.sv/eparlamento/indice-legislativo/buscador-de-documentos-legislativos/reformase-el-inciso-octavo-del-art.-37-de-la-ley-especial-contra-actos-de-terrorismo/archivo_documento_legislativo

1. Decree No. 862 the Legislative Assembly of the Republic of EL SALVADOR, considering: I.-that through Legislative Decree N ° 108, dated September 21, 2006, published in the official journal N ° 193, volume N ° 373, 17 October of the same year, was issued the law special against acts of terrorism, to prevent, investigate, punish, and eradicate terrorist activities responding to the current and exceptional circumstances that affect the international community.
II.-that is necessary to comply with the international standards on combating the financing of terrorism and laundering of money and assets.
III.-that the acts of violence and terrorism that affect our country on a daily basis, constitute a serious threat to security, the public peace not only affecting the life and physical integrity of our citizens, if not that also the development of our country.
IV.-that is necessary to amend the law against acts of terrorism in order to incorporate the obligation for financial institutions to report, in accordance with the provisions of article 9-A of the Act against the laundering of money and assets.
Therefore, use of his constitutional powers and at the initiative of the Deputy José Antonio Almendáriz Rivas.
DECREES, the following: reform to the law special against acts of terrorism article 1.-reform the eighth paragraph of article 37, in the following manner: "financial institutions shall pay special and permanent attention to the detection of goods, money, assets, services and transactions that are suspected or have prima facie evidence that an unlawful purpose and that they are linked or can be used for terrorist acts" finance acts of terrorism, terrorist organizations, organized crime, drug trafficking and any of its variants, whereupon it will inform in writing to the Attorney General of the Republic, through the unit's financial research of the General Prosecutor of the Republic, in one period not more than three days. Financial institutions will also be required to report the attempt of these operations or activities."

2 article 2.-this Decree shall enter into force eight days after its publication in the official journal.
GIVEN in the blue room of the Legislative Palace: San Salvador, on the twentieth day of the month of November in the year two thousand fourteen.
OTHON SIGFRIDO REYES MORALES, PRESIDENT.
ENRIQUE ALBERTO LUIS VALDEZ SOTO, GUILLERMO ANTONIO GALLEGOS NAVARRETE, SENIOR VICE PRESIDENT. SECOND VICE PRESIDENT.
JOSE FRANCISCO MERINO LÓPEZ, LORRAINE GUADALUPE PENA MENDOZA, THIRD VICE PRESIDENT. FOURTH VICE PRESIDENT.
CARLOS ARMANDO REYES RAMOS, FIFTH VICE PRESIDENT.
WILLIAM FRANCISCO MATA BENNETT, MANUEL VICENTE MENJIVAR ESQUIVEL, FIRST SECRETARY. SECOND SECRETARY.
SANDRA MARLENE SALGADO GARCÍA, JOSÉ RAFAEL MACHUCA ZELAYA, THIRD SECRETARY. FOURTH SECRETARY.
IRMA PALACIOS LOURDES VASQUEZ, ERNESTO ANTONIO ANGLE MILE, FIFTH SECRETARY. SIXTH SECRETARY.
FRANCISCO JOSE ZABLAH SAFIE, JOSE SERAFIN RODRIGUEZ ORANTES, SEVENTH SECRETARY. EIGHTH SECRETARY.
Presidential House: San Salvador, to the four days of the month of December of the year two thousand fourteen.
PUBLISHED, Salvador Sanchez Ceren, President of the Republic.

3 benito Antonio Lara Fernandez, Minister of Justice and public security.
D. OR. No. 231 volume no. 405 date: 10 December 2014 SV/HCP 12-01-2015 legislative index