MercoPress, en Español

Montevideo, July 23rd 2024 - 15:34 UTC



HSBC Argentina also fined for failing to report suspicious transactions

Monday, December 17th 2012 - 06:23 UTC
Full article 25 comments

Argentina slapped a 30 million Peso (6 million dollars) fine on a local subsidiary of global banking giant HSBC for failing to report suspicious transactions, authorities here said Sunday. Read full article


Disclaimer & comment rules
  • DanyBerger

    What can you expect from Brit bankers and Sirs Lords?????

    Do you still pay taxes in UK?

    Sure you must be one of this hard working plebs and having not a clue about high finance and not even knowledge on how to structure offshore your investment in UK...

    So here billionaires “Brothers Barclays” owners of the “Telegraph Media Group Limited” that includes “the Daily Telegraph” come to your rescue and will teach you in just 3 simple steps how to don’t pay for 17 years any taxes in UK and get away with it.

    And that is not all!
    You get for free in our package “How to Scam Taxpayer in UK and make the plebs feel even more stupid than ever” by CaMoron & Barclays Brothers, a full step by step guide about how in the meantime you can claim checks from UK govt. in compensation for 240 millions until you can reach 1 billion pounds check.

    Yes and all this free and courtesy of stupid taxpayers in UK.

    Here you have a free trail...

    Ready to buy your package?

    Call Now! free 0800-Sirs&Lords Scam in UK.

    This is another successful edition of “Sirs & Lords Scam in UK Ltd” all right reserved.

    Dec 17th, 2012 - 11:35 am - Link - Report abuse 0
  • Teaboy2

    @1 Brit Bankers!!! Yeah right, this is HSBC Bank Argentina SA (HSBC itself is a global cooperation, not a British one), therefore its Argentine workers and bankers that are responsible for what HSBC Argentina does, you Muppet!

    So i fail to see what the hell this has to do with Britain or us British taxpayers - So your posts equals TROLL!!

    I suggest you research HSBC Bank Argentina SA to understand things a little better! As you will find it is only a subsidiary of HSBC.

    Dec 17th, 2012 - 12:08 pm - Link - Report abuse 0
  • Rufus

    @1 You do know what HSBC stands for, don't you? Or that it's the Argentine subsidiary of HSBC?
    So, the not-British subsidiary of the not-British company...

    Dec 17th, 2012 - 01:59 pm - Link - Report abuse 0
  • Pete Bog

    OK, why doesn't Argentina have purely Argentine banks take over and give us an endless supply of laughs?

    Dec 17th, 2012 - 02:02 pm - Link - Report abuse 0
  • Simon68

    1 DanyBerger (#)
    Dec 17th, 2012 - 11:35 am

    You do realize that HSBC is the Hongkong and Shanghai Banking Corporation don't you??????

    It's head office is in London, but has over 7.000 offices world wide, it is about as British as dulce de leche!!!!!

    Dec 17th, 2012 - 02:49 pm - Link - Report abuse 0
  • Nostrolldamus The 2nd


    To be fair, any banking system is more respected today than the British banking system.

    Dec 17th, 2012 - 02:56 pm - Link - Report abuse 0
  • Teaboy2

    @6 - Really!! So why aren't people and companies doing all their financial trading in BA instead of in London, the worlds section largest financial hub!

    You seem to be of the believe that the GLOBAL economic crisis was caused by British Banks, when in reality it was caused by Banks from countries throughout the world and not solely the blame of British Banks.

    Here's a test for you. Please provide names of all British Banks that you know off!

    Dec 17th, 2012 - 03:28 pm - Link - Report abuse 0
  • Shed-time

    @6 You and I both know you're talking nonsense. Your banking system is on it's knees, get over it.

    Dec 17th, 2012 - 03:31 pm - Link - Report abuse 0
  • Nostrolldamus The 2nd

    Not one bank has failed in Argentina since the “global” econonic crisis that completely bypassed Argentina. In fact bank deposits continued to grow until 2011, and housing prices have continued to rise.

    Argentine banks are far more secure than any in the north, period.

    Dec 17th, 2012 - 04:08 pm - Link - Report abuse 0
  • reality check

    If they are so secure, why you always borrowing, sorry, trying to borrow money?
    YPF, IDB recent points in case.

    Why don't you, and this is only a polite suggestion mind, BORROW IT FROM THEM! you would be sure to get better repayment terms.

    Let's see, could it be, just possibly be, THEY HAVE NO FUNDS TO LEND!

    Dec 17th, 2012 - 04:34 pm - Link - Report abuse 0
  • Nostrolldamus The 2nd


    Why does your government have to open your BOE auctions to non-British banks and investors? I guess your banks don't have FUNDS EITHER.


    Dec 17th, 2012 - 04:38 pm - Link - Report abuse 0
  • reality check

    I guess your banks don't have FUNDS EITHER.

    That's what I call a cough Guv.

    Dec 17th, 2012 - 04:39 pm - Link - Report abuse 0
  • andy65

    These Argies talk such shit yet most of them can hardly offord to buy toilet paper to wipe there ass

    Dec 17th, 2012 - 07:13 pm - Link - Report abuse 0
  • Nostrolldamus The 2nd

    Broken Britain 22 billion in the red and rising... British banks have no funds so off they go to grovel to China.

    Like all the other European nations and the United States.

    Zhongguo !!!!

    Dec 17th, 2012 - 08:02 pm - Link - Report abuse 0
  • Teaboy2

    @9 “Not one bank has failed in Argentina since the “global” economic crisis that completely bypassed Argentina” - Lol selective short term memory i see, 2001 ring any bells!

    I also suppose Argentina not repaying debts have any effect on banks either.

    As for BOE auctions - lol don't you even know what ECTR is!!!

    Dec 17th, 2012 - 08:04 pm - Link - Report abuse 0
  • Nostrolldamus The 2nd

    2001: year before 2002.
    2002: year before 2003
    2003: year before 2004
    2004: year before 2005
    2005: year before 2006
    2006: year before 2007
    2007: year before 2008
    2008: year before 2000

    Syllogism of the day: if 2001 was before 2002... and 2002 was before 2009 according to the chart above, ergo... 2001 was before 2009.

    SINCE 2009 (Global finanacial crisis ex-Argentina, who was spared thankjs to severing links with the banks, IMF, and borrowing from capital markets), no bank in Argentina has failed.

    Dec 17th, 2012 - 08:15 pm - Link - Report abuse 0
  • Teaboy2

    @16 lol if you think Argentina was spared and the global economic crisis avoided Argentina, then your either stupid or deluded. Fact is your seeing the effect of the crisis in Argentina as we speak. i.e. Lower growth, increasing inflation, dollar clamp, import and export restrictions, basically protectionist policies being enforced as a result of the effects the global economic crisis has had!

    But hey if you want to believe that having to travel across the border to a neighboring country so you can buy a TV, means the global economic effect has by passed Argentina then be guess!!! lol

    Dec 17th, 2012 - 09:22 pm - Link - Report abuse 0
  • yankeeboy

    Argentinian banks are far from secure! It has had MULTI BILLIONS U$ flee to banks outside of its borders in the last 3 years.
    Their “reserves” consist mainly of Arg Fed Bonds paying a lower interest rate than inflation with a daily devalued peso!
    BCRA has had to continually lower the required reserve amounts so they don't have to liquidate because the deposits are depleted.
    It is a disaster.

    Dec 17th, 2012 - 11:35 pm - Link - Report abuse 0
  • Nostrolldamus The 2nd

    That's not the fault of the banks, that's the internatinal and domestic milieu.

    The banks themselves, the private enterprise, are actually quite conservative and secure.

    Dec 17th, 2012 - 11:52 pm - Link - Report abuse 0
  • Teaboy2

    Banks are not private enterprises lol

    Dec 18th, 2012 - 12:15 am - Link - Report abuse 0
  • Raven

    @ Nostroll

    We know your solution to economics.

    Borrow,default, insist on paying less than borrowed.

    Dec 18th, 2012 - 01:32 am - Link - Report abuse 0
  • Alexei

    That's a bit harsh. They really have their work cut out. Are any transactions in Argentina not suspicious?

    Dec 18th, 2012 - 11:13 am - Link - Report abuse 0
  • reality check

    Only if it's in pessos!

    Dec 18th, 2012 - 02:11 pm - Link - Report abuse 0
  • slattzzz

    @1 read the fookin report before gobbing off...........HSBC Bank Argentina SA for failing to disclose a three million dollar transaction by a bread bakers' association, in what regulatory officials said was a clear-cut case of money laundering..

    Dec 19th, 2012 - 10:16 pm - Link - Report abuse 0
  • British_Kirchnerist

    Banks are crooks, that much is obvious. But they really shouldn't be penalised for trading with Cuba =)

    Dec 24th, 2012 - 06:19 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!