Ambassador Mamet and Argentina’s Administrator for the Administración Federal de Ingresos Públicos (AFIP) Ricardo Echegaray participated in a signing ceremony establishing a bilateral trade transparency unit (TTU).
The establishment of the TTU will enhance the detection of trade-based money laundering and commercial fraud violations. As part of the agreement, the U.S. Department of Homeland Security will provide the AFIP with access to the Data Analysis and Research for Trade Transparency System, a computer system that contains domestic and foreign trade data and allows users to see both sides of the trade transaction, making the transaction transparent. This access will provide both HSI and the AFIP the tools necessary to identify international trade anomalies and financial irregularities indicative of trade-based money laundering, customs fraud, movement of counterfeit goods and other import-export crimes.
Ambassador Mamet said, “This agreement is critical to collaboration between the United States and Argentina in identifying and bringing to justice perpetrators of trade-based money laundering, customs fraud, movement of counterfeit goods and other import-export crimes”.
