Financial Crime Trends in Argentina: An Overview (2021)

Introduction

Thomson Reuters’ Financial and Business Crime Global Guide provides a comprehensive overview of financial crime trends in Argentina, covering key areas such as corporate fraud, bribery and corruption, insider dealing and market abuse, money laundering, terrorist financing, breaches of financial and trade sanctions, and more.

Overview of Financial Crimes in Argentina

Argentina has been grappling with a surge in financial crimes in recent years, with corruption and money laundering being among the most significant concerns. The country’s regulatory bodies have stepped up efforts to combat these offenses, but experts warn that more needs to be done to strengthen laws and enforcement mechanisms.

Key Concerns

• Corporate Fraud: Companies accused of misusing funds and engaging in illegal activities
• Bribery and Corruption: Government officials and business leaders allegedly involved in corrupt practices
• Insider Dealing and Market Abuse: Regulators struggling to keep pace with the increasing number of cases
• Money Laundering: Criminals using Argentina’s financial system to launder illicit funds
• Terrorist Financing and Breaches of Financial and Trade Sanctions: Major concerns given Argentina’s location in a region prone to terrorism and organized crime

Recommendations for Combating Financial Crimes

• Robust Regulatory Frameworks: Effective investigation and enforcement powers, increased transparency and accountability
• Cross-Border Cooperation: Tackle global financial crimes by working together with countries worldwide

Conclusion

Experts warn that financial crimes in Argentina are likely to continue to pose significant risks to the country’s economy and stability unless more is done to address these issues. The report concludes by emphasizing the importance of continued efforts to strengthen laws, enforcement mechanisms, and regulatory bodies to combat financial crime and promote transparency and accountability.