The first National Risk Assessment of Money Laundering (NRA-ML) was conducted in June 2022. Afterwards, in September, the National Risk Assessment of Terrorist Financing (NRA-TF) and the National Risk Assessment of Financing of Proliferation of Weapons of Mass Destruction (NRA-PF) were updated.
These tasks involved information gathering and analysis by the member organizations of the Coordinating Committee for the Prevention and Fight against Money Laundering, Terrorist Financing and Financing of Proliferation of Weapons of Mass Destruction: the BCRA, various bodies of the Executive Branch, the Judiciary and the Office of the Public Prosecutor. The assessments entailed several discussion meetings with representatives of the financial and non-financial private sector.
National Risk Assessments (NRAs) allow Argentina to make an accurate diagnosis of ML/TF/PF risks in order to identify, assess, understand and take steps to counteract their effects, as established in Recommendation No. 1 of the Financial Action Task Force (FATF).
This document is published with a view to contributing to the achievement of the first general objective established in the AML/CTF/CPF National Strategy, which includes the development of a public/private sector joint diagnosis of the risks of money laundering, terrorist financing and proliferation of weapons of mass destruction in Argentina.
The AML/CTF/CPF National Strategy was signed by the BCRA and the remaining 13 specialized state bodies reporting to the Coordinating Committee for the Prevention and Fight against Money Laundering, Terrorist Financing and Proliferation of Weapons of Mass Destruction. This Strategy lays down concrete actions to overcome the main criminal threats and vulnerabilities identified by Argentina in the NRAs approved by the Committee on June 29 and September 7, 2022.
This National Strategy was developed within the framework of follow-up tasks, taking into account the threats, vulnerabilities and risks identified in the NRAs. Based on this comprehensive analysis, the National Strategy is intended to formulate and implement public policies to effectively mitigate the risks that may be identified.