Venezuelan Foreign Ministry says UN accepts proposal for international money laundering exchange hub

<a href=www.vheadline.com>Venezuela's Electronic News Posted: Thursday, April 17, 2003 By: Patrick J. O'Donoghue

Speaking from Vienna (Austria), Venezuelan Deputy Foreign Minister, Arvelo Mendez Romero reports that the United Nations Anti-Drugs Commission has accepted a Venezuelan proposal to set up an international network of money laundering information exchange. 

• According to Mendez Romero, the Andean Economic Community, Mexico, Turkey and Algeria supported the Venezuela proposition. 

"We have had success in Venezuela with such a network at home and for that reason would like to see it extend internationally ... in fact, such networks exist in all Latin American countries and we would like to swap information." 

Venezuelan Anti-Drugs Czaress, Mildred Camero had highlighted the first proposal earlier on in the week. 

The second Venezuelan proposal against legalizing the consumption of drugs has been given rough passage and Mendez Romero admits that few countries, especially European, are willing to take a hard line on drugs consumption.  

The current session is preparation for a UN meeting of Ministers, which will be held in New York next month.

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