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Montevideo, March 29th 2024 - 15:54 UTC

 

 

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 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.

Top Comments

Disclaimer & comment rules
  • 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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