Poor marks for Argentina in the annual report on money laundering activities

Thursday, March 8th 2012 - 06:26 UTC

Full article 11 comments

The report points to extensive cash payments, smuggling and lack of transparency in trade

Argentina became an important destination for money laundering activities in 2011 and is now part of a list including 66 nations that the US State Department says are “jurisdictions of primary concern.”

The 2012 International Narcotics Control Strategy Report, released on Wednesday by the State Department, decided to include Argentina along with Curacao and Saint Martin.

The US is also included on the list, which details countries currently experimenting “money transactions that involve significant amounts of money coming from drug trafficking,” the report says.

Other nations included in the list are Afghanistan, the United Kingdom, China, Colombia, Israel and France.

Argentina went from being a “country of concern” to one of “primary concern” largely due to the use of extensive cash payments, an increase in the smuggling of goods with neighbouring countries and a lack of transparency in imports and exports.

“Through the Three Plus One Initiative, the Government of Argentina authorities ostensibly cooperate with the two neighbouring countries, as well as with the United States, to address security issues in this region; however, this mechanism has been largely ineffective in recent years due to GOA and USG political differences, among other reasons,” the document reads.

Categories: Economy, Argentina.

Tags: Argentina, money laundering.

Top Comments

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brit abroad
tut, tut, tut!
Mar 08th, 2012 - 07:15 am 0
DanyBerger
They forgot to put USA as a really primary concern on the list. These yanks are just hypocrite suckers. Ha ha
http://www.state.gov/j/inl/rls/nrcrpt/2012/vol2/184105.htm

Afghanistan
Antigua and Barbuda
Argentina
Australia
Austria
Bahamas
Belize
Bolivia
Brazil
British Virgin Islands
Burma
Cambodia
Canada
Cayman Islands
China, People's Republic of
Colombia
Costa Rica
Curacao
Cyprus
Dominican Republic
France
Germany
Greece
Guatemala
Guernsey
Guinea-Bissau
Haiti
Hong Kong
India
Indonesia
Iran
Iraq
Isle of Man
Israel
Italy
Japan
Jersey
Kenya
Latvia
Lebanon
Liechtenstein
Luxembourg
Macau
Mexico
Netherlands
Nigeria
Pakistan
Panama
Paraguay
Philippines
Russia
Singapore
Somalia
Spain
St. Maarten
Switzerland
Taiwan
Thailand
Turkey
Ukraine
United Arab Emirates
United Kingdom
Uruguay
Venezuela
Zimbabwe
Mar 08th, 2012 - 08:06 am 0
brit abroad
i dont think the article is about that. I think it is trying to illustrate that RGland went from being “of concern” to being “of major concern”. I dont read anything above that says the US is not of any concern.

In other words it is just saying RGLand got worse....which is of no surprise thanks to The Botox Reich!
Mar 08th, 2012 - 08:25 am 0

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