The syndicate is understood to export the drugs using human mules and in shampoo bottles, injected into fabric or clothing.
Detective Senior Sergeant Liam Clinton, of Interpol Wellington, would not comment on the details of the red notice.
"We will of course assist the Argentine authorities with any inquiries they may request through Interpol Wellington.
"Interpol Wellington confirms there may be an apparent link between Mr Leaitua and Sorlinda Aristizabal-Vega, the Columbian woman who died in Auckland Hospital on 7 September. This is part of the ongoing Coronial investigation and not related to the Red Notice.
"As it is a Coronial matter it is inappropriate for police to comment further about the investigation into her death."
Mr Clinton said the Interpol Red Notice is not an international arrest warrant, as there is no such thing.
"In New Zealand we cannot arrest on the basis of a Red Notice," he said. "There must be a provisional arrest warrant issued by a New Zealand Court, pursuant to a formal extradition request. If located, Argentina would be required to make an extradition request to New Zealand through formal diplomatic channels."