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Argentina Earns Dubious Distinction on FATF List
By Colby Adams
printArgentina Monday became the first ever Group of 20 nation to be added to the Financial Action Task Force's latest iteration of a list of countries with troubled anti-money laundering regimes. The intergovernmental group, known as FATF, said in a statement that it "remains seriously concerned" about "shortcomings" in how the South American country has criminalized money laundering and terrorist financing, and addressed a "large number" of other deficiencies in its effort to fight the crimes. On Monday, FATF made Argentina one of 30 countries to be included on its so-called "gray list" of jurisdictions that have agreed with the...
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