Chile's Ministry of Finance presented to the Chamber of Deputies' Citizen Security Committee a bill that would create an Economic Intelligence Subsystem and introduce new tools to prevent, detect and trace economic activity linked to organised crime, including money laundering, terrorist financing and related offences. The proposal emphasises the Financial Analysis Unit's role as a data and analysis body that would provide information to the Public Prosecutor rather than pursue criminal cases itself. The subsystem would integrate the Financial Analysis Unit, the Internal Revenue Service and the National Customs Service, with these agencies collecting, assessing and analysing information, including on tax crimes, to alert both the Public Prosecutor and the State Intelligence System. The bill would also update the framework for the subsystem’s agencies and other economic supervisors, including the Commission for the Financial Market, the Superintendence of Casinos and Gaming and the Treasury General, and proposes mandatory traceability systems for hard-to-audit sectors associated with organised crime alongside updates to gambling legislation. On intrusive and sanctioning powers, it would refine the Commission for the Financial Market Investigation Unit prosecutor’s access to information subject to bank secrecy and strengthen the Commission’s investigatory toolkit, including summons to testify, requests for intrusive measures and public force assistance, and higher penalties for obstructing supervisory work. Having completed its first Senate stage in late March, the initiative moves into its second legislative stage in the Chamber of Deputies under an immediate urgency procedure.

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