Tag: money laundering

• Tuesday, July 17th 2012 - 19:27 UTC

  HSBC grilled in US Senate for lax controls enabling billions of money laundering

  

  The CEO of the U.S. division of the big international bank HSBC is apologizing for lax controls that lawmakers say allowed Mexican drug cartels to launder billions of dollars through the US operation and many other illicit transactions for years.

• Saturday, March 10th 2012 - 04:38 UTC

  Vatican says it is complying with anti money laundering recommendations

  

  The Vatican on Friday sought to explain its presence for the first time on a US list of countries that are a potential hub for money laundering, saying it was only natural to be included given its recent efforts to conform to international standards.

• Thursday, March 8th 2012 - 06:26 UTC

  Poor marks for Argentina in the annual report on money laundering activities

  

  Argentina became an important destination for money laundering activities in 2011 and is now part of a list including 66 nations that the US State Department says are “jurisdictions of primary concern.”

• Thursday, February 9th 2012 - 07:44 UTC

  Argentina limits daily financial transaction per person to 1.000 Pesos (230 dollars)

  

  Argentina limited the use of cash in the country’s financial markets as President Cristina Fernandez tightens oversight of currency transactions to help contain capital flight and prepare for what is anticipated a ‘difficult’ year for the Treasury and the Argentine economy.

• Thursday, December 15th 2011 - 20:59 UTC

  Astori anticipates investment grade and the white list for Uruguay in 2012

  

  Vice president Danilo Astori anticipated that in 2012 Uruguay will recover investment grade and said that including Uruguay in the OECD “grey list” was a “tremendous injustice” which did not take into account all the advances achieved in combating money laundering and narcotics trade.

• Thursday, April 7th 2011 - 10:06 UTC

  Argentina under pressure to approve anti money-laundering legislation

  

  The Argentine administration of President Cristina Fernandez de Kirchner called Wednesday on the opposition lawmakers to pass an anti money laundering bill before June other wise Argentina could be black-listed for not having the proper controls.

• Saturday, March 26th 2011 - 08:29 UTC

  Swiss ambassador denies “any plot or anything of the sort” against Moyano

  

  Swiss Ambassador in Argentina Johannes Mattyasy said that “there was no complot, pressure or anything of the sort” in the request of information on CGT Labour Confederation leader Hugo Moyano in connection to a case of money laundering.

• Friday, March 18th 2011 - 03:55 UTC

  Argentine truckers strike to protest Swiss justice investigation of their leader

  

  Argentina’s powerful truck drivers’ union called for a strike to be held on Monday to show their support to the head of the CGT Labour confederation, Hugo Moyano and his family that are being investigated in Switzerland for alleged money laundering.