FATF Status

Argentina is not on the FATF List of Countries that have been identified as having strategic AML deficiencies.

Compliance with FATF Recommendations

The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Argentina was undertaken in 2024. According to that Evaluation, Argentina was deemed Compliant for 12 and Largely Compliant for 15 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 1 of the Effectiveness ratings.

Argentina has implemented various measures to combat public sector corruption, including the 1999 Public Ethics Law and the 2017 Corporate Criminal Liability Law, which extends anti-bribery sanctions to corporations. However, the enforcement of these laws is inconsistent, with significant gaps in regulations and a lack of accountability for foreign bribery. Corruption remains a serious issue, as evidenced by Argentina's low ranking in the Corruption Perceptions Index and ongoing challenges within its judicial system.

Argentina's economy faces significant challenges, including high inflation, recession, and economic stagnation, which have hindered its growth potential. However, under President Javier Milei's administration, there is a push towards liberalizing the economy by removing interventionist policies and implementing structural reforms aimed at stabilizing the financial landscape. The country has opportunities in various sectors such as agriculture, mining, and technology, but must overcome obstacles like high taxes and rigid labor laws to attract more investment.

Argentina's investment climate is currently challenged by high inflation, economic stagnation, and interventionist policies, although recent efforts by President Javier Milei's administration aim to create a more market-friendly environment. The government has begun to remove some interventionist measures and is focused on structural reforms, including privatizations and enhancing intellectual property laws to attract investment. However, persistent capital controls and a high tax burden continue to deter both domestic and foreign investment.