US puts Peru on money laundering black list

05 March 2017

For the first time, and only days after President Pedro Pablo Kuczynski’s visit to the White House, Peru has appeared in the State Department’s International Narcotics Control Strategy Report blacklist of 85 jurisdictions where money laundering of illicit activities takes place.

The latest report by Peru’s Unidad de Inteligencia Financiera (UIF) suggests that money laundering to the tune of $3 billion took place in Peru between 2007 and 2016. Almost half of this was related to drug trafficking and a third to illicit mining. The UIF figures appear to underestimate the size of the problem.

The US report criticises recent government measures that it considers unhelpful in improving control of money laundering activities, in particular the absorption of offices relating to such control into the justice ministry. Governmental corruption, not least in the justice ministry and the police, is seen by the United States as a major contributory factor to the expansion of money laundering. The report alleges that only 21 people in Peru have been arrested for money laundering.

For further details and quotations, go to:
http://larepublica.pe/impresa/politica/853225-eeuu-ubica-peru-en-lista-negra-de-paises-de-mayor-lavado-de-dinero

 

All news

  • PSG Aims

    The Peru Support Group exists to promote social inclusion, sustainable development and the observance of human rights in Peru. To that end the PSG highlights shortcomings in observance of established norms, whether international or local in nature, in its research, advocacy and publications. In so doing, it underscores the relationships that exist within the political system, how institutions work, and the effectiveness of policies that aim to reduce poverty and inequality within the context of sustainable development.

  • Historical Overview

    Over the past century Peru has suffered a series of autocratic governments and a civil war in which nearly 70,000 people died. Many of the country's ongoing political and social problems are a legacy of its somewhat turbulent past. 

  • Human Rights

    Human rights violations were widespread during the twenty years after the initiation of armed conflict in 1980. Efforts to convict perpetrators since the war's end have made only limited progress. Today, concerns remain over the treatment of those engaged in social protest, particularly against strategically important investment projects.

  • Why join the PSG?

    • Keep up to date with latest news and developments in Peru
    • Learn about key issues of poverty, development and human rights in Peru
    • Support the work of the Peru Support Group

    Become a member