Chamber of Industry and Services goes on strike on October 11th

The Chamber of Commerce, Industry and Services of Cochabamba (ICAM) announced this Friday that it would heed the call for a citizens’ strike on Monday, October 11th, in order to reject the law against the legitimation of illegal profits.

ICAM reported in a statement that the already-enacted Law 1386 on the National Strategy to Combat the Legitimacy of Illegal Profits and the Financing of Terrorism in Various Sectors has sparked protests that view this norm as an attack on constitutional rights.

In addition, the draft law against the legitimation of illegal profits being worked on in the Senate contains “clear violations of constitutional principles and guarantees”.

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ICAM advises that the law gives the Financial Investigations Unit (UIF) super powers without restrictions and with special privileges and that the law makes all Bolivians “obliged” to provide financial information. She also advises that the rule violates professional secrecy.

For this reason, the institution declared that “we will comply with the citizens’ strike required for October 11th and recommend that our companies and employees adapt to this regulation absolutely voluntarily and individually.”

The 11/11 strike was called by the trade unions and the unity bloc of the citizens’ committee, the latter including the defense of democracy.

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