HomeNewsBriefUS, Argentina Move Towards Closer Security Cooperation
BRIEF

US, Argentina Move Towards Closer Security Cooperation

ARGENTINA / 25 MAR 2016 BY MICHAEL LOHMULLER EN

Argentine and US officials have signed a series of agreements strengthening bilateral efforts to combat organized crime, as Argentina's new president moves to curb the country's growing drug trade.

US and Argentine authorities signed the bilateral security cooperation agreements on March 23 ahead of US President Barack Obama's two-day visit to the country, reported Todo Noticias.

The agreements include a Memorandum of Understanding (MOU) between Argentina's Financial Information Unit (Unidad Información Financiera – UIF) and the US Treasury Department's Financial Crimes Enforcement Network (FinCEN).

The MOU facilitates the sharing of financial information between the two countries in order to combat money laundering and organized crime. FinCEN suspended information sharing in 2015 after Argentina's government allegedly used US financial intelligence for political ends.

Argentina's Foreign Minister Susana Malcorra said the agreements "represent a new way of working together and show an important change in our relations."

During a press conference with Argentine President Mauricio Macri on March 23, Obama expressed support for Argentina's efforts to combat drug trafficking and organized crime, reported La Nacion. Macri likewise said he looked forward to working with the United States to confront the drug trade.

InSight Crime Analysis

The new agreements, along with Obama's visit, may signal a turning point in Argentina's security relationship with the US. Elected last November, Macri has already begun efforts to revitalize bilateral relations, which grew frosty under the administration of his predecessor, Cristina Fernández de Kirchner.

SEE ALSO: Coverage of Argentina

Improved US-Argentina security cooperation could also help Macri make good on his campaign promise to take swift action against organized crime and drug trafficking. These issues have become a growing concern for Argentines alarmed over increasing drug use and drug-related violence in recent years.

In tandem with Argentina's growing role in the drug trade, the country has become an important money laundering center. Recent money laundering scandals include HSBC bank and a contractor linked to the Kirchner administration. The new information sharing agreements with FinCEN may reflect an understanding on Argentina's part that in order to dismantle organized crime groups, authorities will have to target their financial structures.      

share icon icon icon

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

Related Content

EL SALVADOR / 20 JAN 2021

Given the challenges of a deadly pandemic, President Joe Biden could be forgiven for not having Central America’s security at…

ARGENTINA / 10 AUG 2022

Uruguay has made Latin America's largest ever seizure of European methamphetamine, marking a new phase in drug trafficking dynamics.

ELITES AND CRIME / 3 JUN 2021

Running for office in Mexico means risking one's life. Just one week ahead of local elections on June 6, at…

About InSight Crime

LA ORGANIZACIÓN

Extensive Coverage of our Chronicles of a Cartel Bodyguard

23 SEP 2022

Our recent investigation, A Cartel Bodyguard in Mexico’s 'Hot Land', has received extensive media coverage.

THE ORGANIZATION

InSight Crime, American University Host Illegal Fishing Panel

19 SEP 2022

InSight Crime and the Center for Latin American & Latino Studies (CLALS) at American University discussed the findings of a joint investigation on IUU fishing at a September 9 conference.

THE ORGANIZATION

Impact on the Media Landscape

9 SEP 2022

InSight Crime’s first investigation on the Dominican Republic made an immediate impact on the Dominican media landscape, with major news outlets republishing and reprinting our findings, including in …

THE ORGANIZATION

InSight Crime Sharpens Its Skills

2 SEP 2022

Last week, the InSight Crime team gathered for our annual retreat in Colombia, where we discussed our vision and strategy for the next 12 months.  During the week, we also learned how to…

THE ORGANIZATION

Colombia’s Fragile Path to Peace Begins to Take Shape

26 AUG 2022

InSight Crime is charting the progress of President Gustavo Petro’s agenda as he looks to revolutionize Colombia’s security policy, opening dialogue with guerrillas, reforming the military and police, and…