— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News


Buenos Aires, Apr 3 (Prensa Latina) Argentina and Uruguay have signed an agreement on confiscated assets that will allow, among other things, to recover assets that are in the territory of a country and have been obtained through corruption crimes.

Argentine Foreign Minister Jorge Faurie and his Uruguayan counterpart Rodolfo Nin Novoa signed the so-called Framework Agreement for the Disposal of Confiscated Property, which constitutes a significant advance in international legal cooperation, reported the Foreign Affairs Ministry.

The initiative is the first of its kind to be approved by the two nations aimed at establishing mechanisms for cooperation and negotiation to recover assets stolen through illicit drug trafficking and transnational organized crime, committed in each of the two countries.

The agreement is in keeping with a central objective of the Argentine government, namely the fight against corruption, money laundering and transnational organized crime, added the source.

Source: Argentina, Uruguay Ink Agreement on Confiscated Goods