Arreche, who had a career-high ATP singles ranking of 567, was ruled to have breached a number of Tennis Anti-Corruption Program (TACP) rules and as such will serve a ban and pay a fine of $8,000 (£5,908/€7,076)
The player was found to have contrived or attempted to influence the outcome of tennis matches, while he also failed to report corruption approaches to the ITIA. The incidents took place between 2017 and 2019.
Specific breaches of the TACP included Section D.1.d of the 2018 and 2019 TACP, whereby no covered person shall, either directly or indirectly, attempt to contrive the outcome of any aspect of an event.
The ITIA also cited Section D.2.a.i of the 2017 and 2018 TACP, which states that if a player is approached by any person offering money, benefits or consideration to influence any aspect of an event, or to provide Inside Information, this must be reported to the ITIA as soon as possible.
Arreche is prohibited from playing in or attending any tennis event authorised or sanctioned by any international tennis governing body or national association for the length of his ban, which is effective from 24 April 2021 until 23 April 2025.
The Argentinian is the latest player to face a ban after the ITIA last month also banned Mexican tennis player Carlos Ramirez Utermann for one year and 10 months after he admitted to several corruption charges.
Also in December, the ITIA also banned six Moroccan tennis players following breaches of TACP rules.