Assessment of Vice Chairman Robert Pittenger on the Financial Services Committee Task Force to Investigate Terrorism Financing Congressional Delegation to Latin America
News reports indicate that Iran, Hezbollah, and other illicit financiers remain active in Latin America, and we are concerned that criminal money laundering capabilities will continue to grow in the region without American expertise and countermeasures. The “tri-border region” of Argentina, Brazil, and Paraguay, in particular, remains a prime area for money laundering, drug trafficking, and other cross-border criminal behavior. Our goal was to investigate these issues and gain an understanding of the methods by which terrorist and criminal organizations operate within the region. Further, we explored various policy initiatives which would deny or disrupt their ability to pursue criminal financing.
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