Weekly Report - 12 November 2009 (WR-09-45)

URUGUAY | FA won't lift banking secrecy. Danilo Astori, who served as outgoing President Tabaré Vázquez's economy minister and is now running as vice-presidential candidate of the ruling FA, announced on 6 November that the debate over banking secrecy within the FA had ended, and that a decision had been taken not to lift it. Presidential candidate José Mujica had said last May that, were it up to him, he would lift banking secrecy. The OECD later published a list of tax havens in which Uruguay figured as one of the least cooperative ones.