The hiding of wealth: an Argentinian perspective

Abstract

Describes the recent increase in known money laundering activities in Argentina based on drug dealing, smuggling and false export transactions of precious metals etc, as a result of the country’s vulnerable borders. Outlines briefly the first Money Laundering Bill of 1996, and finally the Cover‐Up and Laundering of Criminal Assets Law of 2000, which penalises those who permit laundering activities because of negligence, as well as those engaging in them; it also set up the Financial Information Unit, and imposes the duty of reporting suspicious transactions, ie those that are unusual or unjustified. Continues with the rules against money laundering previously issued by the Argentine Central Bank and the National Securities Commission, and the investigative committee formed from the House of Deputies.

Citation

Ruiz, M.J. (2002), "The hiding of wealth: an Argentinian perspective", Journal of Money Laundering Control, Vol. 6 No. 1, pp. 85-87. https://doi.org/10.1108/13685200310809455