The Central Bank (BCRA) has launched a large control operation against foreign exchange offices, stockbrokers and credit unions in Buenos Aires and La Plata cities today.
In coordination with the Financial Entities Superintendency (SEFyC), the National Security Commission (CNV), the Financial Information Unit (UIF) and the National Institute for Associative and Social Economy (INAES), the BCRA audited 12 financial firms in order to assess their compliance with current financial and foreign exchange rules.
Credit unions that were lacking the needed authorization for operations like checks discounts, was one of the main infringements informed by the BCRA after during the audit.
The operation was the largest in the past months and included police forces (Airport Security Police, Coast Guard, Gendarmerie officials) and about 70 public servants specialized in parallel financial intermediation, stock markets, foreign exchange and assets laundering.
buenosairesherald.com