Tag: Jose Sbatella

• Monday, June 8th 2015 - 07:36 UTC

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

  

  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.

• Monday, January 30th 2012 - 21:28 UTC

  Argentina targeting “60 to 70 billion dollars” outside the financial system

  

  In Argentina there are an estimated 60 to 70 billion dollars “outside the financial system” according to the head of the Financial Information Unit, FIU, which is the country’s office in charge of preventing and combating money laundering.