Financial Crime World

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Organized Crime in Argentina: A Complex Situation

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Argentina has a long history with organized crime, dating back to the 1920s. Despite efforts to combat it, the situation remains complex and multifaceted.

History and Structure of Organized Crime

  • Organized crime has a deep-rooted presence in Argentina, with several prominent clans identified over the years.
    • Some notable clans include Los Monos, Cantero, Bassi, Funes, Camino, Torres, Castedo, and Loza.

Leadership and Governance Challenges

Corruption and Lack of Trust

  • The current government has lost momentum in fighting organized crime, leading to low trust among the public in authorities.
  • High-level political figures are allegedly involved in corruption and money laundering, which further erodes trust.
  • Anti-corruption bodies exist but have been questioned due to their vulnerability to political influence.

Criminal Justice and Security Concerns

Ineffective Fight Against Organized Crime

  • A unit dedicated to countering organized crime exists within the judicial system, but its effectiveness is hindered by political interference and corruption.
  • Prisons are overcrowded, with reports of inhumane living conditions, food deficiencies, and poor hygiene control.

Corruption in Law Enforcement Agencies

  • The security sector is also corrupt, with low public trust in law enforcement agencies.

Economic and Financial Environment Risks

Inadequate Anti-Money Laundering Measures

  • Anti-money-laundering legislation exists, but a comprehensive anti-money laundering/combating the financing of terrorism strategy is lacking.
  • The risk of money laundering is extremely high due to lack of effective regulation.

Civil Society and Social Protection Efforts

Human Trafficking Prevention and Support

  • A legislative mechanism guides the prevention and prosecution of human trafficking, as well as victim assistance.
  • The government has a fairly robust framework in place to provide support to victims of trafficking.
  • Awareness campaigns have been carried out in cooperation with NGOs, schools, and universities.

Overall, the situation with organized crime in Argentina is complex and multifaceted. While there are efforts being made to combat it, corruption and lack of effective regulation continue to hinder progress.