September 4, 2015

Argentina orders HSBC to sack local chief over terrorist financing, money laundering allegations

Argentina’s central bank has ordered HSBC to remove its local CEO within 24 hours over his alleged failure to thwart terrorist financing, money laundering, and tax evasion.

In March, Argentinian authorities ordered HSBC to return a mammoth $3.5bn (£2.3bn) from an array of accounts nestled offshore. Read more.


Gov't backs BCRA move to remove HSBC head - Buenos Aires Herald
BCRA, banks clash over HSBC license revocations - Buenos Aires Herald

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