The expert in the prevention of money laundering and financing of terrorism told the weekly La Mañana that Uruguay has joined the drug trafficking to Europe.

It has been known for several years that the drug business generates more profit for the one who distributes than for the one who produces, he said.

He noted that cocaine is produced in Colombia, Peru and Bolivia, although most of the profit is in distribution, which is done from Paraguay and Uruguay.

Therefore, the money is being laundered mainly in Paraguay and Uruguay, García, who was speaking here at the 12th edition of the Money Laundering Congress of the Americas, said.

The forum addressed the new modalities of cybercrime, in particular the use of virtual assets of which, he pointed out, there are more than 6,000.

Among many is bitcoin, which he described as the most vulnerable.

He affirmed that there are many money-generating illicit activities in the virtual world, a scenario where operations such as child sex abuse or drug trafficking can be agreed upon.

The police are in the physical world, but there is a lack of law enforcement elements and resources to deal with crimes agreed or committed in the virtual world, he emphasized.

The expert called for regional solutions and intra-regional efforts to address a global problem.

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