Argentina Argentina

New Documents

The Central Bank of Argentina adopted a measure in May 2022 to bar financial institutions from carrying out transactions or allowing their clients to make transactions with digital assets that are not regulated by a national authority or authorized by the bank.

The Organisation for Economic Co-operation and Development published a follow-up report on the integrity review for Argentina, which follows up on the country’s implementation of recommendations contained in the March 2019 Integrity Review of Argentina.

Enforcement Actions

Argentina’s financial intelligence unit fined the Buenos Aires-based financial institution and its chief compliance officer 538.161 pesos for failing to report suspicious transactions between April and October 2006.

Important Facts

  • The U.S. State Department labels Argentina as a major money laundering jurisdiction. Money laundering occurs throughout the financial system and is commonly related to narcotics trafficking, public corruption and tax evasion. The TriBorder Area (TBA) shared with Brazil and Paraguay is a major route through Argentina for dollar counterfeiting, drug trafficking, trade-based money laundering and other smuggling offenses. Specifically, the terrorist organization Hizballah has significant financing operations in the TBA. Argentina also has not yet conducted an AML/CTF National Risk Assessment. Financial institutions, money or value transfer businesses, exchange houses, real estate and the gaming industry are particularly vulnerable to laundering activities. Limited regulatory and criminal enforcement capabilities and insufficient controls at points of entry make it difficult for Argentina to adequately prevent the flow of illicit funds into the country, including the transport of bulk cash. It is also vulnerable to money laundering based on its cash-based economy and large informal sector. Foreign and domestic politically exposed persons are subject to enhanced due diligence and Argentina maintains know-your-customer and suspicious activity reporting requirements.
-Source: 2021 International Narcotics Control Strategy Report (INCSR)



Technical Effectiveness
Compliant : 2 High :
Largely Compliant : 1 Substantial :
Partially Compliant : 26 Moderate :
Non-Compliant : 20 Low :


Rank : 74/141
Score : 5.08/10


Rank : 78/180
Score : 42/100

Tax Justice Network i

Rank : 94/133
Score : 55/100