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Argentine financial watchdog claims banks actively collude to take money out of the country

Monday, June 8th 2015 - 07:36 UTC
Full article 20 comments

Argentina's head of the Financial Information Unit (UIF) watchdog, José Sbatella has accused major banks of not just participating, but actively organizing operations to move capital out of the country. The official made reference to ongoing cases involving capital flight against worldwide financial powerhouses HSBC, BNP Paribas and JP Morgan, in an interview published in Página 12. Read full article


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  • Skip

    I'm not surprised.

    Getting money out of Argentina should be everyone's goal. Before inflation destroys its value or the government steals it.

    Jun 08th, 2015 - 08:10 am - Link - Report abuse 0
  • Klingon

    Many the government should look into WHY everyone wants to get their money out instead of how.
    All they need is a mirror.

    Jun 08th, 2015 - 10:50 am - Link - Report abuse 0
  • ChrisR

    It depends who was the recipient of the money!

    I wonder if Hernan Arbizu is going to be “suicided”?

    Jun 08th, 2015 - 11:35 am - Link - Report abuse 0
  • Andy65

    I wonder who The Kirchner's used to get their money out of the country

    Jun 08th, 2015 - 01:38 pm - Link - Report abuse 0
  • The_troLLimpic_games

    All bank officials foreign and domestic should immiediately be imprisioned and held indefinitely. When more money enters than leaves, then they can be let free, but with surveillance collars.

    Jun 08th, 2015 - 03:00 pm - Link - Report abuse 0
  • chronic

    Corruption in rotting roadkill is absolute.

    The K-swine, however, are just mad because they didn't get their cut of the laundered money.

    The aforementioned banks should be sanctioned internationally and given the choice of either foregoing rotting roadkill operations or surrendering their 1st world charters.

    # 4 with a score of 22!

    #104 with a score of 3.8!

    #1 with a score of 5393!

    #54 with a score of .52!

    #1 with 73%!

    #107 with a 34 score!

    Reeeekie writes: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”

    Jun 08th, 2015 - 03:02 pm - Link - Report abuse 0
  • yankeeboy

    If they've paid taxes on their funds they should be able to move them anywhere they want.

    Who in their right mind would keep U$ in an Rg bank?
    Nobody that's who

    Silly creatures they made this mess all by themselves by not respecting private property rights or honoring debts.

    They deserve to fail.

    Jun 08th, 2015 - 04:39 pm - Link - Report abuse 0
  • Enrique Massot

    I know numerous posters in this forum have repeatedly berated corruption--and I read quite a few postings accusing the Argentina current government of corruption.
    It appears some of those posters as above do not feel an urge to criticize the corruption that apparently festers in “serious” institutions such as HSBC, BNP Paribas and JP Morgan.
    Skip, @1, says he is not surprised and apparently endorses illegal mechanisms to siphon money out of Argentina.
    Shameful--double standard at its best.
    They prefer to blame the victim instead.

    Jun 08th, 2015 - 05:33 pm - Link - Report abuse 0
  • Skip

    It's alright Enrique.

    Not only did you get your money out, but you got your body out too.

    Guess you didn't want to be a victim of your own country! Hardly surprising I prefer to have Elizabeth II as my head of state rather than an Argentine.

    Just like you.

    Jun 08th, 2015 - 10:14 pm - Link - Report abuse 0
  • The_troLLimpic_games


    Someone in another forum said (no joke):

    “Corruption in the Anglo-American business model is not malignant. It is a benign byproduct of innovative thinking. Innovation needs some corruption to keep improvements”.

    So according to these 4th Reich Anglos, even Anglo corruption is “good”.

    These people are just clowns. Just ignore them and have fun at their expense like I do.

    Jun 08th, 2015 - 10:29 pm - Link - Report abuse 0
  • chronic

    Yes, Reeekie voted with his feet.

    Jun 08th, 2015 - 10:31 pm - Link - Report abuse 0
  • Skip

    I would too if I had a choice between fascist inspired and characteristic Peronism and a constitutional monarchy under Elizabeth II.

    Jun 09th, 2015 - 07:16 am - Link - Report abuse 0
  • Enrique Massot

    #9 Skip
    Here's confirmation of what I just wrote.
    Big business corruption: most posters here have nothing to say about it.
    Skip, particularly, prefers to talk about my whereabouts.
    Easier than thinking over an argument, isn't it?

    Jun 09th, 2015 - 06:07 pm - Link - Report abuse 0
  • Skip

    You will never be taken seriously when you blindly defend a system that you refuse to live under.

    The fact that you choose to live in another a country, means that country is offering you something that Argentina isn't. You will always lack credibility because you can't articulate those reasons.

    Your comments on Argentina offer nothing insightful or even personal. Trotting out the same tired arguments of an extremely corrupt and dysfunctional government isn't a sign of intelligence, just a sign of the inability to think for yourself.
    When you choose to compare the place you have chosen to live in with the place you idolise then you will gain some form of credibility. Because you so far have been unable to that. And that is extremely telling.

    Jun 09th, 2015 - 09:13 pm - Link - Report abuse 0
  • Enrique Massot

    14 Skip
    Oh yeah I forgot. I'm daring to comment in a forum made out of third and fourth-generation, mate-drinking, pure breed Argentines. According to Skip, how would I know a thing about Argentina?
    Apparently you've got to live in the Malvinas, U.K. or in the very U.S.A. if you are going to say something “insightful or even personal” about Argentina.
    Reality is, it's uncomfortable to hear a different tune from the lullaby most posters here sing to each other.
    Too bad. Mercopress policies do not include a residence condition, so my guess is, you're gonna read my posters for still some time. Hey, some posters are asking for me when I get lazy. Got to become more diligent.

    Jun 10th, 2015 - 12:13 am - Link - Report abuse 0
  • Skip

    Post away as much as you want.

    Won't change how worthless those posts are.

    Jun 10th, 2015 - 03:48 am - Link - Report abuse 0
  • yankeeboy

    Reekie reminds me of Stevie.
    Stupid to the point of being ridiculous.

    We are all Chavez until it all falls apart.

    I can't wait to see middle class Arg ladies fighting over the last bag of beans in BA.
    I hope they televise it.

    Jun 10th, 2015 - 01:26 pm - Link - Report abuse 0
  • Skip

    Stevie was much more mentally unstable. Enrique just seems...... a little slow!

    Jun 10th, 2015 - 01:38 pm - Link - Report abuse 0
  • yankeeboy

    I don't think Reekie is at all stable. He's a failed former terrorist watching his last hope of a Marxist Utopia fail.
    I know he doesn't believe the crap he writes.

    Wait until all of the spit and twine holding BCRA together gives out
    Hyperinflation and mass street fighting will ensue
    Just like Venezuela
    Then a new poster will show up blaming the current gov't harping on the good ol' K days.

    Jun 10th, 2015 - 01:52 pm - Link - Report abuse 0
  • Enrique Massot

    19 YB
    Sorry to distract you with a few elements from reality. A whole bunch of mayoral candidates have left Sergio Massa. Several of them have jumped to...guess...the FpV!
    Popular support for Cristina has been growing steadily for the last three months.
    I knew these are news that'll make you happy. Just be careful with that coffee!

    Jun 10th, 2015 - 07:54 pm - Link - Report abuse 0

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