Argentina will expand its cooperation with international investigators and revise domestic rules as part of an effort to clamp down on terrorism financiers, the head of the country's financial intelligence unit said Wednesday.
Looking for entrée into a financial market that has been reluctant to bank them, multiple Argentine money services businesses have applied for American accounts under false pretenses, say industry advisors.
Growing economic and political ties between Argentina and Iran are prompting some bank compliance officers to look more closely at their clients in the South American nation, say industry professionals.
A plan approved Wednesday by Argentine lawmakers to entice tax dodgers to repatriate their assets will also motivate international bankers to ask questions of their counterparts in the country.
The Reserve Bank of India confirmed that it is investigating three banks for potential money laundering violations, a forthcoming industry survey points to rising compliance salaries, and more, in this midweek news roundup.
Legislation approved Thursday by Argentina's congress will bring the South American nation in line with international counterterrorism financing standards, say current and former officials of the country's financial intelligence unit.
Argentina 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.
Critics of an influential organization that sets international standards on anti-money laundering and counterterrorism financing compliance are questioning whether it evaluates its members fairly.
Argentina to release AML action plan to avoid FATF blacklisting, the OCC issues two AML-related enforcement actions, and more, in this week's roundup.