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Midweek Roundup: Argentina Accuses HSBC of Aiding Launderers, FinCEN Clarifies Virtual Currency Expectations, and More
printArgentine officials have accused HSBC of helping a criminal group launder and evade taxes on more than $100 million, the Associated Press reported. Mas Distribuidora SA, Recaudaciones y Servicios del Sur SRL and Red de Multiservicios SA evaded taxes on $44 million in funds and laundered a separate $76 million using "phantom operations," officials allege. The country's tax agency is pursuing a criminal investigation. More The Reserve Bank of India (RBI) confirmed Monday that it is investigating ICICI Bank Ltd, HDFC Bank Ltd. and Axis Bank Ltd. for potential violations of anti-money laundering rules, according to a story published by...
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