Tag: HSBC Bank Argentina SA

• Wednesday, September 2nd 2015 - 06:39 UTC

  Argentina revokes license of HSBC president for not preventing tax evasion

  

  Argentina's Central Bank (BCRA) has revoked the license of Gabriel Martino as president of the HSBC, forcing him to step down from his post. The entity commanded by Alejandro Vanoli considered Martino responsible for failing to establish “necessary” control mechanisms to prevent clients from evading taxes and moving capital abroad.

• Tuesday, March 10th 2015 - 03:21 UTC

  Argentina's top tax official attends HSBC hearings at UK Parliament

  

  Argentina wants HSBC Holdings Plc to repatriate 3.5 billion dollars the bank's Argentine branch moved offshore to help clients evade taxes and move capital abroad, the country's tax chief Ricardo Echegaray said on Monday during a hearing which took place at the House of Commons in London, where top executives of HSBC were present.

• Tuesday, January 13th 2015 - 08:31 UTC

  Argentina suspends HSBC from transferring money abroad for 30 days

  

  Argentina said on Monday it was suspending HSBC Bank Argentina's right to transfer money abroad for 30 days due to “irregularities”, two months after charging it with helping clients evade taxes by siphoning their funds off to Switzerland.

• Thursday, January 8th 2015 - 01:08 UTC

  Authorities raid Buenos Aires HSBC accused of aiding tax evasion

  

  Authorities on Wednesday conducted a court-ordered search of the Argentine headquarters of London-based bank HSBC, which faces allegations of aiding tax evasion, it was reported in Buenos Aires.

• Thursday, August 14th 2014 - 06:34 UTC

  Talks between global banks and Argentine creditor hedge fund “collapsed”

  

  Talks between a group of global banks and at least one major hedge fund about buying a portion of the fund's exposure to Argentine debt have collapsed, a person familiar with the matter told sources in Buenos Aires, amid concerns that the Argentine government has dug in to its refusal to pay certain creditors what they are owed and may not relent for months to come.

• Tuesday, March 19th 2013 - 06:19 UTC

  HSBC accused by Argentina of tax evasion and money laundering

  

  Argentina’s tax agency formally accused the local unit of British banking giant HSBC Holdings Plc. of conspiracy to hide bank accounts, thereby helping private companies evade tax payments and launder money.

• Monday, December 17th 2012 - 06:23 UTC

  HSBC Argentina also fined for failing to report suspicious transactions

  

  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.