Argentina’s Financial Intelligence Unit Marks 20 Years Since Creation Amidst Ongoing Fight Against Money Laundering and Terrorism Financing

A Milestone in Combating Financial Crimes

The Argentina’s Financial Intelligence Unit (UIF-AR) is celebrating its twentieth anniversary since its creation on May 5, marking two decades of efforts to strengthen anti-money laundering and counter-terrorism financing standards in the country. Despite a global economic landscape fraught with challenges, UIF-AR has faced numerous hurdles in its mission to combat financial crimes.

Redefining Political-Criminal Parameters

According to President Carlos Cruz and Vice-President Mariana Quevedo, the unit’s redefinition of its political-criminal parameters was achieved through guidelines from state policies, FATF Recommendations, Egmont Group principles, and a thought-out approach. This move aims to:

• Resume and intensify investigations into complex crimes such as:
  • Tax evasion
  • Smuggling
  • Human trafficking
  • Public-private corruption
  • Drug trafficking
  • Other transnational offenses detrimental to Argentine society and the international community

Reflections on Two Decades of Service

As UIF-AR reflects on its two decades of service, it expresses gratitude towards all those who have contributed to protecting the financial system’s transparency and integrity. The unit is committed to upholding institutional values and working effectively to safeguard Argentina’s financial and economic stability.

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