MercoPress. South Atlantic News Agency
Argentina raids 71 banks and financial entities suspected of money laundering
Argentina's AFIP tax revenue service on Tuesday carried out searches at 71 banks, currency exchanges and other financial entities suspected of money laundering, the government said. More than 250 agents took part in the operation, which involved institutions in this capital and in the provinces of Buenos Aires, Mendoza and Cordoba, AFIP said in a statement. Read full article
Comments
Disclaimer & comment rulesCristinas should have been the 1st.
Nov 12th, 2014 - 10:36 am - Link - Report abuse 071 banks raided?
Nov 12th, 2014 - 10:41 am - Link - Report abuse 0wow! just wow!
That is a lot of suspected corruption.
One more thing for the protestors to shout about on tomorrow's march.
This could be a very effective way for the Government to raise some income ....FAST
Nov 12th, 2014 - 11:09 am - Link - Report abuse 0Rob the banks !
Dear, oh dear!
Nov 12th, 2014 - 12:09 pm - Link - Report abuse 0Is this the first step at changing citizens dollars still in the banks to argie arsewipes again?
I think it is.
It's all about the dollars.
Nov 12th, 2014 - 12:38 pm - Link - Report abuse 0It always is.
:)
Just like 2001...
Nov 12th, 2014 - 12:52 pm - Link - Report abuse 0Just another excuse to steal the countries money..
Nov 12th, 2014 - 01:25 pm - Link - Report abuse 0It is good to see Argentina will not permit banks to turn this country into a banking anarchy like the Brits, North Americans, and Europeans have allowed.
Nov 12th, 2014 - 01:42 pm - Link - Report abuse 0My my if they only had this much interest in Political Corruption or the Illegal Drug trade maybe their country wouldn't be barreling into a narco state.
Nov 12th, 2014 - 01:46 pm - Link - Report abuse 0Such an interesting tactic in stealing U$ they are in dire need of. Mick23, hopefully when they repeat the 2001 and the people take to their pots and pans, those that work for a living that is, maybe they will ISIS Kirchner and her criminal croonies. They can bury her body with bugged eyed nasty kirchner, after it's burned of course and keep her head on top of the chopped up Columbus statue at the la casa rosada feces.
Nov 12th, 2014 - 01:50 pm - Link - Report abuse 0This is really all for show, trying to scare people not to exchange, making exchange houses post false rates and getting ready for the bond they're going to float tied to the peso exchange.
Nov 12th, 2014 - 02:12 pm - Link - Report abuse 0If anyone is stupid enough to keep U$ in an Rg Bank they deserve to get it stolen. Is their memory really that short?
These are merely last gasp efforts of a dying economy.
I can't wait until Q1 2015.
So fun to watch.
I don't see any severe slowdown in Mendoza, not at all. I'm sure Cordoba is feeling it as they always do, they being car-centered.
Nov 12th, 2014 - 02:22 pm - Link - Report abuse 0But tourism, wine, and oil are still rolling here. Besides the slowdown in construction which is healthy, Mendoza is not too bad. It's always been so, if there is a crisis it won't hit as hard here as else where. No looting in Mendoza in 2001 or in 1989.
Toby, Not all areas will be effected simultaneously and will the same amount of downturn.
Nov 12th, 2014 - 02:36 pm - Link - Report abuse 0Your area can not survive just on tourism/wine and continue to fund itself in the manner it has over the last decade.
It is impossible.
Don't be surprised if the USA doesn't further sanction Argentina. Plus you most likely will lose IMF membership next year.
Which will hamper your ability to trade with the USA also.
That's your major and most profiatble market for wine.
As the economy spins out of control violent crime will continue to get worse. People don't' travel to high crime areas.
You do realize your Provincial coffers are empty too right?
They have no ability to float bonds either.
It should be too much longer before what you see in front of you is what I've been saying for so long.
It takes awhile to trickle down
But it is very close now.
I imagine this is a consequence of the Argentine legal framework being so out of kilter with other nations in a globalised financial world.
Nov 12th, 2014 - 02:39 pm - Link - Report abuse 0The ultimate consequence will probably be the abandonment of Argentina by many of the banks involved.
Uhmm... there is oil production, there is mining, there is the big agro-industry, farming proper, there is the hydroelectric tech sector, there is the garlic and honey industry, organics, steel-rivets, etc.
Nov 12th, 2014 - 02:46 pm - Link - Report abuse 0How many states in the USA had deficits in the 2008-2011 period? Like all 50 of them pretty much? It seems they survived.
Mendoza survived 2001, 1989. It will be fine here, assuming there is a crisis at all which is only YOUR speculation, and that of those FAR RIGHT think-tank links you put up as evidence... which BTW are the same Think-tanks that also state the USA is SCREWED. Yet there you say its all BS.... lol. You are consistent in being totally non-consistent.
Mendoza has always been able to slash budgets, like in 2001 it did furiously, and was the only province that still managed to pay bonds post-default (only Capital Federal did that also).
I'm studying and getting ready for summer. Meanwhile you go ahead and hyperventilate.
Bloody shame really as I wanted to buy some cheap pesos on my next visit.
Nov 12th, 2014 - 02:46 pm - Link - Report abuse 0“Britain's overseas territories open to fraud and money laundering”
Nov 12th, 2014 - 02:50 pm - Link - Report abuse 0“Britain's 14 last remaining overseas territories are at risk of becoming centres for money laundering because of a dearth of qualified investigators to police their financial systems, the Commons public accounts committee warns today.”
“The report says that with the exception of the Cayman Islands, where there have been two successful prosecutions, no one has ever been successfully prosecuted by local investigators in Bermuda, the British Virgin Islands, Gibraltar, Turks and Caicos Islands, Monserrat or Anguilla.”
“The PAC report also criticises the Foreign Office for continuing to subsidise Bermuda, the Falkland Islands and the British Virgin Islands when their per capita income is higher than that of Britain.”
You're delusional. Remember I lived there in 2001. Are you too young to remember the desperation? The people hacking away at cows from an overturned truck on the highway? All bloody running away as fast as they can?
Nov 12th, 2014 - 02:54 pm - Link - Report abuse 0It was bad and it will be worse this time.
You can continue to live in your fantasy world but it is to your demise.
Seems like corruption is endemic in Argentina. Talking about banks elsewhere in the world won't help.
Nov 12th, 2014 - 03:05 pm - Link - Report abuse 0Some people have a problem facing reality.
Well, there is always someone ahead of the game. There are some really incredible vacation packages being offered in Bariloche staying at the Llao-Llao for less than one fourth the rack rate with only the gratuities to be paid there. The secret is to pre-pay our travel agency here in Santiago, just like we did a couple of years ago when we vacationed in Las Leñas.
Nov 12th, 2014 - 04:42 pm - Link - Report abuse 0The real national sport of Argentina is to avoid paying taxes. That's why they'll always be a disaster.
I thought it was Self Foot Shooting?
Nov 12th, 2014 - 04:44 pm - Link - Report abuse 0ILSEN,
Nov 12th, 2014 - 06:15 pm - Link - Report abuse 0That's their national obsession.
Trust me, I know my neighbors farly well and thank the Creator for placing the Andes on our eastern border...
:)
Nov 12th, 2014 - 06:27 pm - Link - Report abuse 0@18
Nov 12th, 2014 - 08:00 pm - Link - Report abuse 0None of that in Mendoza. Other provinces got to take care of their own.
Everything is fine, problems can be found everywhere. The delusional is you, saying it would all fall over itself by June 2012. It's 2015...
Is that a prediction tobi?
Nov 12th, 2014 - 08:12 pm - Link - Report abuse 02015?
:)
I wouldn't expect you to understand as you are British, with absolutely no proper education to speak of, and thus knows nothing about where Argentina is located or even what the language spoken here is.
Nov 12th, 2014 - 08:20 pm - Link - Report abuse 0...and you don't live in Mendoza. Lol!
Nov 12th, 2014 - 08:26 pm - Link - Report abuse 0@26
Nov 12th, 2014 - 08:36 pm - Link - Report abuse 0I know that the denizens of “MendaCity” killed Carrera. Something about betrayal by an Argentine “helper.” La plus ca change...
It is apparent that Toby is going through the levels of acceptance, anyone who been around long enough has see him in Denial and Aggression, then Anger, then Bargaining and Depression, he's only a little away from Acceptance.
Nov 12th, 2014 - 09:39 pm - Link - Report abuse 0Funny story today, the new dead eyed wonder at BCRA said they were going to deepen their hold on the exchange rate.
Fun fun fun watching this train wreck.
“anyone who been around long enougfh has see him”
Nov 12th, 2014 - 10:23 pm - Link - Report abuse 0Reads like a true PhD is writing my diagnosis... hahahahaha.
@28
I don't get British jokes, too many references to things no one outside Britain has ever heard of (but I guess you think everyone else should have heard of).
focus tobi, focus!
Nov 12th, 2014 - 10:35 pm - Link - Report abuse 071 banks raided by 250 police.
Is this not a big deal?
It doesn't concern you at all?
Everything is just fine in Argentina?
First of all you wanted Argentina to become isolated.
Now it is “None of that in Mendoza. Other provinces got to take care of their own”
Soon it will be, 'my street is just fine, Other streets got to take care of their own“
Then 'my shack is just fine, Other shacks got to take care of their own”
then...
... pffft.. the lights go out
.............................................................
no more internet to tell the world “'this fool is just fine, Other fools got to take care of their own”
Is that how it is going to play out?
Best get yourself on that protest march tomorrow, do something positive.
Why is 71 being “raided” in Argentina somehow bad, but good “rule of law” in the UK? I would really like an explanation, because the differences escape me.
Nov 12th, 2014 - 10:46 pm - Link - Report abuse 0Don't you see the only difference between them is CULTURAL BIAS? You just somehow believe that when the UK gov cracks down on banks, then it is because the British are righteous and stand up to the rule of law. If Argentina does it, it is because they are crooks.
YOU have ABSOLUTELY no evidence to back either of those up, so the only conclusion is that your only touchstone is CULTURE PREJUDICE. That is unacceptable as evidence, I'm sorry to say. It is also unacceptable morally, but you may not care about the last point.
“best get yourself on that protest march tomorrow”
With the goal of what, exactly?
Racist!!
Nov 12th, 2014 - 10:54 pm - Link - Report abuse 0The clarion cry of victimhood and cue you've run out of logical arguments.
Boring.
Declaring U$ trade illegal is the sign of a hapless regime on their last legs economically. You can't show one example in the world's history where its ever been successful.
Just look to news out of Venezuela
before you lose internet that is.
@32
Nov 12th, 2014 - 11:34 pm - Link - Report abuse 0The only valid point here is that people in Argentina are desperate for USD because they don't trust the peso. If people don't have faith in their own currency the Gov. has failed in one of its primary objectives. To manage the Economy for the Good of the People.
That is all that really matters.
The bank raids etc are just symptoms of the disease. All your 'cultural prejudice' comment is just cultural whataboutery.
----------
“best get yourself on that protest march tomorrow”
With the goal of what, exactly?
I just thought it might be healthy for you to get out and meet some people in Real Life.
But you totally have dodged that cultural whataboutery. And you thought it would go totally unnoticed?
Nov 13th, 2014 - 12:00 am - Link - Report abuse 0People here go for USD because they are like stupid dogs conditioned to it: they could go to Yen, Euros, Gold, Platinum, oil barrels... many other choices. They all go for the same unit, so of course there will be shortages. Has nothing to do with the economy.
Why do you think premium liquor makers restrict supply of “top product”? is it because it is really so much better? No, they just know that by purposely restricting supply they create even more buzz and an aura of “quality”, by evidencing scarcity. Prime example of a self-fulfilling prophecy.
Does the average person in Argentina have easy access to Yen, Euros, Gold, Platinum, oil barrels etc. in quantities they can afford?
Nov 13th, 2014 - 12:36 am - Link - Report abuse 0I can't imagine an oil barrell is easy, or comfortable, to put under your mattress?
There's no shortage of U$ goofball.
Nov 13th, 2014 - 01:12 am - Link - Report abuse 0looks like TTT has had to go get his meds, that, or he has been kicked out of the Internet Cafe for lack of USD...
Nov 13th, 2014 - 02:30 am - Link - Report abuse 0Maybe he has gone home to cash in one of his platinum ingots?
@36
Nov 13th, 2014 - 03:19 am - Link - Report abuse 0Those who seek shall find.
@37
There is a shortage when everyone stupidly chases after the same item.
haha! how many gold coins have you got under your pillow tonight? You don't need any toilet paper anymore, just use those pesos!
Nov 13th, 2014 - 04:02 am - Link - Report abuse 0Can the average guy, when worried about his savings, quickly convert to oil barrels? where will put them?
you are so full of shit, you really need a proper country to come in rectify the situation, but everyone I know in Lat Am thinks the Argies suffer from massive hubris.
Well, time has finally started to run out..
tick tock
tick tock
tick tock
Well, certainly, that proper nation isn't yours.
Nov 13th, 2014 - 04:28 am - Link - Report abuse 0The only one with massive hubris here is YOU, denigrating Argentina at every possible opportunity.
Considering that I have family in both the UK and Venezuela I think of myself as a citizen of both. I have done, and do, pay taxes in both countries.
Nov 13th, 2014 - 04:46 am - Link - Report abuse 0Actually, I would like to see a beneficial outcome for Argentina, I just think that the current Gov. andthe mindset of many of the population needs a radical overhaul.
Please don't judge me by your own narrow persepectives, I have a great deal more life experience than you.
It's all very well raiding the banks but it's the Presidents suit case's that need raiding...
Nov 13th, 2014 - 11:15 am - Link - Report abuse 0http://www.strategycenter.net/docLib/20141018_Farah_LookingGlass_1014.pdf
Well as anyone sane would have predicted Police action to bring down the price of U$ didn't work.
Nov 13th, 2014 - 12:33 pm - Link - Report abuse 0Its on its way up again...of course.
These Rgidiots don't understand that printing Pesos brings inflation and lowers the Peso.
Maybe when they get that simple concept down the economy will right itself.
As I have been saying, in a meeting with the anorexic filthy dirty looking Minister of Trade the auto companies told her why bother mfg in Arg when the people can't afford to buy the products, the taxes are too high, the wages are too high, and the workforce is unporductive (read lazy)...and
DUNDUNDUN
the most important part ( and probably she doesn't understand this)
They can't send profits back to corporate
WARNING
This is the most important statement, I hope that anorexic lady still have enough protein in her brain to understand
If HQ is only sending money to Arg and never getting it back they're going to leave.
My guess is she doesn't get it, didn't hear it...whatever
The Auto Mfgs will pull out if this isn't fixed immediately
it won't be
They may wait for a new Prez, they may not...we'll see shortly
@44
Nov 13th, 2014 - 02:27 pm - Link - Report abuse 0Don't drink before 6 in the morning.
@44 I am pretty sure she understands that, but the gov't ran out of dollars so they cannot afford to let them send profits back until there are enough reserves. The problem is that CFK keeps printing pesos.
Nov 13th, 2014 - 03:56 pm - Link - Report abuse 0http://www.buenosairesherald.com/article/174617/massive-gas-cans-warehouse-explosion-was-intentional
Nov 13th, 2014 - 05:09 pm - Link - Report abuse 0Probably a means or cashing out and getting money from insurance....or trying to. The foreign business should try this and have their claims checks sent to HQ in the USA or Europe as a means of getting the fuck out of Argentina and leaving the smoldering heap of shit for Argentina.
@35
Nov 13th, 2014 - 05:51 pm - Link - Report abuse 0People go for US$ because you can use them anywhere that is the sole reason, and of course a hedge against inflation. Christ you are thick, why is there a black market in US$?
@38 Ilsen
Nov 13th, 2014 - 10:04 pm - Link - Report abuse 0“Maybe he has gone home to cash in one of his platinum ingots?”
Or he'll take an oil barrel to the bank from under his mattress?
The Rg contingent to the G20 took 4 private planes.
Nov 14th, 2014 - 01:37 pm - Link - Report abuse 0The thing I hate most about Socialist/Commies is the hypocrisy. Its okay for people to starve as long as the rulers are insulated from the misery.
They're looking kind of rough around the edges though, need to sleep off the hangovers. ;)
Nov 14th, 2014 - 09:57 pm - Link - Report abuse 0http://www.buenosairesherald.com/article/174717/at-g20-kicillof-calls-to-stop-vulture-funds-damage-power
I saw that picture also and think they look like bums.
Nov 14th, 2014 - 09:59 pm - Link - Report abuse 0All of the La Campora brownshirts are dirty looking. The Ambassador to the USA is frightful. I doubts she's washed her hair since she moved here.
Nov 15th, 2014 - 12:00 am - Link - Report abuse 0They lack respect for protocol and processes yet they insist the world respect them. How do you respect a group who does not respect themselves?
Nov 15th, 2014 - 02:54 pm - Link - Report abuse 0Its like they are rebel teenagers in a grown up body.
Nov 15th, 2014 - 03:55 pm - Link - Report abuse 0They suffer from Arrested development and delusions of grandeur.
Totally immature not to wear a suit and tie. To busy trying to look just makes you look an idiot. Other people just see them as sulky teenagers, which is why they get no respect.
Nov 15th, 2014 - 03:55 pm - Link - Report abuse 0They don't get any respect because they don't know when to STFU. The whine and whine after everyone else has moved past it.
Nov 15th, 2014 - 04:14 pm - Link - Report abuse 0Which takes me back to Arrested Development and Delusions of Grandeur.
Whiny maids
The best part is not one of them looks happy, quite the contrary.
Nov 15th, 2014 - 04:56 pm - Link - Report abuse 0Sulky or rebellious is a good analogy. Time after time they show the world that they in fact respect no one and no process, yet they try to demand it from the rest of the world. There are rules to the world and while Argentina shows every year that they do not like them and that they are incapable and lacking intelligence in the ability to follow them. Argentina's desire to change to world is a roadtrip with no one following only other idiots in South America.
Nov 16th, 2014 - 02:16 pm - Link - Report abuse 0yb I do think I now agree with you that the only way to change Argentina is a strange handed coupe' but there is no military to do it. I think Argentina is lost.
I do not get woodies sitting and watching the destructive kirchner's and peronista's destroy Argentina and hurt the people (only a warped mind would) , I can only hope that the accumulative destructive caused by these repressive people wakes something up in Argentina.
Meanwhile, narcos keep doing whatever they want ...
Nov 17th, 2014 - 02:09 pm - Link - Report abuse 0That's because they have a direct line to the Casa Rosada...
Nov 17th, 2014 - 03:16 pm - Link - Report abuse 0http://www.hispanicallyspeakingnews.com/latino-daily-news/details/did-narcos-call-argentines-presidential-office/31017/
the speculation in Argentina is one of the most critical points in our economy. The blue dolar price is in the mind of every person of the country. They check the price of it day by day, although they can´t buy it.
Nov 17th, 2014 - 09:02 pm - Link - Report abuse 0Source: http://valordeldolarblue.com.ar/
YB Poppy
Nov 18th, 2014 - 07:01 am - Link - Report abuse 0The way I see it, it's like a corporate takeover - you know they are in trouble, dont make a bid now, let them
Struggle along with the old Mgmt. And the old flawed management plan, consuming they're dwindling resources.
Then, when they are desperate for relief, an external takeover will be easy, and perhaps welcomed
:-)
Troy,
Nov 18th, 2014 - 05:20 pm - Link - Report abuse 0very true!
Ilsen,
Nov 18th, 2014 - 06:00 pm - Link - Report abuse 0I think you should email Captain Poppy, just as I have done :-)
I also speak with Anglotino.
If you write, we can verify your identity pretty easily - ask you to post a name or a phrase etc. under your ilsen user name - easy!
m.cher1160@outlook.com
Looking forward to chatting with you :-)
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