Peru Peru

New Documents

The Federal Trade Commission entered into a memorandum of understanding with its counterparts in Chile, Colombia, Mexico, and Peru, to facilitate anti-fraud efforts.

Brazil’s Igarapé Institute published a report that analyzes the anti-money laundering systems of Brazil, Colombia and Peru and how well those controls help combat environmental crimes in the Amazon and elsewhere.

Enforcement Actions

0 Items Found


Important Facts

  • The U.S. State Department identifies Peru as a major money laundering country. Though the country maintains a strong anti-money laundering regime, it struggles to enforce the legal framework due to poor interagency coordination, limited information sharing, cooperating, and internal political strifes such as the transfer of power between three presidents in 2020. Drug trafficking, illegal gold mining and logging, public corruption, and counterfeiting are the primary sources of illicit funds in Peru. The jurisdiction’s challenging geography allows for the transit of large quantities of illegal goods, contraband, and cash across its borders and within remote areas. Pervasive corruption hampers investigations and prosecutions of narcotics-related money laundering crimes. Front companies are often used to launder funds, many of which are connected to illegal mining activities. Individuals and  front companies also launder illicit funds through real estate, currency exchanges, credit cooperatives, auto dealing, virtual currency, and notaries. The country's gaming industry also serves as another source of illicit finance given its lack of adequate controls. The Peruvian government has taken steps to strengthen its anti-money laundering regime, including establishing a special prosecutor's office for asset forfeiture.  In 2020, the country identified $1 billion in potentially illicit funds flowing through the country, a 43 percent increase from 2019.
Source: 2021 International Narcotics Control Strategy Report (INCSR)

Rankings

FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 16 High : 0
Largely Compliant : 19 Substantial : 4
Partially Compliant : 5 Moderate : 5
Non-Compliant : 0 Low : 2

Peru's technical compliance was re-rated in a January 2020 follow-up report

BASEL i

Rank : 26/110
Score : 4.5/10

TRANSPARENCY INTERNATIONAL i

Rank : 94/179
Score : 38/100

Tax Justice Network i

Rank : 101/133
Score : 57/100