A third of Argentina money laundering cases linked to drug trafficking
29 Nov 2016

Official data from Argentina’s Attorney General’s Office indicates that more than a third of money laundering cases since 2013 were linked to drug trafficking, a figure which highlights an important aspect of the country’s growing role in the drug trade.

According to the Economic Crime and Money Laundering Bureau (Procuraduría de Criminalidad Económica y Lavado de Activos – PROCELAC) of the Attorney General’s Office, 34 percent of the money laundering cases it opened since its creation in December 2012 were linked to drug trafficking.

The numbers, which were were first presented by Argentine authorities during an October 2016 conference with the representatives of the Organization for Economic Co-operation and Development (OECD), also show that another 7 percent concerned dirty money from human trafficking and 5 percent were related to contraband.

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