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A protest against Law 1386, an anti-money-laundering Bill that has become a rallying point for the far right
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SHELTERED behind a barrage of fake news about Law 1386 (National strategy against the legitimisation of illicit gains and financing of terrorism), Bolivia’s racist and fascist extreme right wing has unleashed a wave of violence in Potosi and Santa Cruz masquerading as a “civic strike” but whose real aim is to create chaos so that they can repeat the coup d'état they perpetrated in November 2019 against then president Evo Morales.
Law 1386 furnishes the Bolivian state with the necessary legal and constitutional mechanisms to combat the legitimisation of illicit proceeds (laundering of drug money) and the financing of terrorism.
The law has been enacted in compliance with commitments to the UN, the Financial Action Task Force (FATF, an intergovernmental institution created in 1998 by the G8 to combat money laundering and terrorist financing). There is no country in the world without anti-money laundering and anti-terrorist financing legislation.
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