Despite the Argentine senate's 1 June approval of a law that makes the laundering of money obtained through an illicit activity a crime in its own right in the penal code, the country is still walking a very fine line with the Financial Action Task Force (FATF). As we go to print (21 June), the country is expected to be put on the inter-governmental body's ‘grey list' –becoming the second G-20 nation, after Turkey, to be listed – and local commentators are bracing for its possible inclusion on the ‘black list', which would lump Latin America's third economy with the likes of North Korea and Iran.End of preview - This article contains approximately 395 words.
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