Paraguay

New Documents

U.S. Customs and Border Protection announced that it has updated a 2002 customs mutual assistance agreement with Paraguay to enhance the countries’ ability to share information on cross-border matters.

The U.S. Department of Homeland Security’s Office of Immigration and Customs Enforcement issued a press release highlighting a recent training it held for 37 officials from various Paraguayan law enforcement and other agencies to combat transnational money laundering organizations.

Enforcement Actions

0 Items Found


Key Documents

Important Facts

  • The U.S. State Department classifies Paraguay as a major money laundering country. Paraguay is part of the Tri-Border Area, which is comprised of Argentina, Brazil and Paraguay and is a region associated with multi-billion-dollar illicit goods trade, the trafficking of Andean cocaine, arms smuggling and significant amounts of money laundering. Other money laundering vulnerabilities in the include: a large number of unregistered exchange houses; a primarily cash-based economy in the Tri-Border Area; the use of false or borrowed names to register businesses; lax regulation of import-export businesses and casinos; weak border controls; corrupt, overwhelmed, or untrained government agents; and insufficient oversight of a high-volume of money transfers to Lebanon and China. Criminal organizations often disguise the laundering of illicit proceeds through flows and sales of goods by using corrupt government officials.
-Source: 2020 International Narcotics Control Strategy Report (INCSR)

Rankings

FATF i

Technical Effectiveness
Compliant : 3 High :
Largely Compliant : 15 Substantial :
Partially Compliant : 16 Moderate :
Non-Compliant : 14 Low :
Not-Applicable : 1

BASEL i

Rank : 14/125
Score : 6.74/10

TRANSPARENCY INTERNATIONAL i

Rank : 137/180
Score : 28/100

Tax Justice Network i

Rank : 88/133
Score : 77/100