Mercosur: ‘Organised Crime, Money Laundering and Harmonisation of Legislation’

Section 1 of the Asuncion Treaty sets up the Common Market of the Southern Cone (Mercosur). It establishes, inter alia, ‘the commitment of the Member Parties to harmonize their laws in the relevant areas, with a view to strengthening the integration process’. Such a harmonisation implies an intention to establish increasingly common criteria and similar patterns at a sub‐regional level to deal with a specific set of rules that are currently dissimilar.