MercoPress. South Atlantic News Agency
Poor marks for Argentina in the annual report on money laundering activities
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.” Read full article
Comments
Disclaimer & comment rulestut, tut, tut!
Mar 08th, 2012 - 07:15 am - Link - Report abuse 0They forgot to put USA as a really primary concern on the list. These yanks are just hypocrite suckers. Ha ha
Mar 08th, 2012 - 08:06 am - Link - Report abuse 0http://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
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.
Mar 08th, 2012 - 08:25 am - Link - Report abuse 0In other words it is just saying RGLand got worse....which is of no surprise thanks to The Botox Reich!
@2 I agreed the article is just showing how argentina went from being a concern to a primary concern.
Mar 08th, 2012 - 09:09 am - Link - Report abuse 0Though every country has problems with criminal money laundering, its not just these 66, but obviously the USA can not moniter all countries so they pick and choose to be honest. Why the isle of man is on there or why the UK and France are on there when each have a good record of anti money laundering and detecting and bringing to justice such money launderers is beyond me. Money laundering, is to be honest, much more common place in the USA than in the UK, France or Isle of Man. But of course they are not going to include themselves of their own lists that includes foreign countries only.
Considering they actively refuse to engage with the FATF then it's not surprising that they are seen as a 'major concern'. Argentinia is so desperate for foreign exchange funds that it's up there with North Korea in it's desperation. What with the Central Bank now being used as a personal account of the Arg-Mafiosa, then it can only get worse.
Mar 08th, 2012 - 09:37 am - Link - Report abuse 0I think, with money laundering being such a world-wide phenomenon,
Mar 08th, 2012 - 10:14 am - Link - Report abuse 0the list should comprise 'those nations of NO international concern'.
It would be quite a short list.
Ah Mohammeds not thinking anymore eh!
Mar 08th, 2012 - 10:54 am - Link - Report abuse 0This is just rubbish, 50% of the international money laundering activities are made in USA lot of banks have being involved in this like Wachovia Bank. Entire cities like Miami have been made of narco dollars, mafia money and other illegal activities.
If they are not able to put they house in order how they can be monitoring other countries?
You will not contradict what an honest Brit has to say about it.
“Woods feels unable to rest on his laurels. He tours the world for a consultancy he now runs, Hermes Forensic Solutions, counselling and speaking to banks on the dangers of laundering criminal money, and how to spot and stop it. “New York and London,” says Woods, “have become the world’s two biggest laundries of criminal and drug money, and offshore tax havens. Not the Cayman Islands, not the Isle of Man or Jersey. The big laundering is right through the City of London and Wall Street.”
http://perplexities.org/2011/04/how-wachovia-wells-fargo-laundered-billions-from-drug-cartels/
It is easier to launder money through places where a lot of money passes through (i.e London).
Mar 09th, 2012 - 01:06 am - Link - Report abuse 0It is not new news, been going on for years and will continue to do so!
@brit abroad
Mar 09th, 2012 - 04:29 am - Link - Report abuse 0It is not easy without the complicity of the bankers. And that is the reason why banks look for places with minimum or no regulation. So money flows a usual.
@8 Even easier through somewhere like Las Vegas or Macau.
Mar 09th, 2012 - 07:09 am - Link - Report abuse 0@10 Or in places like CFK's pocket lol
Mar 09th, 2012 - 08:46 am - Link - Report abuse 0Commenting for this story is now closed.
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