New cross-investigations by the AFIP into suspected money laundering and tax evasion have led to coordinated raids on a total of 71 banks, foreign exchange offices and stockbrokers in Buenos Aires, Mendoza and Córdoba. Mariva bank, Transcambio, Columbia bank and Voii bank, were among the targets of today’s operation.
The alleged operations are estimated to involve around 120 million pesos in capital, according to the revenue agency.
The AFIP explained in a press release that the crackdown -carried out simultaneously by 250 officials- was decided after cross-controls revealed “fiscal inconsistencies” in companies operating in the financial market that raised suspicion of capital flight.
Those involved in the alleged fraudulent activities have been suspended by AFIP.
Several importation companies were also banned from operating yesterday by AFIP, suspected of fraudulent activity because their contracts with foreign providers were incompatible with tax filings, according to the tax bureau’s accusations.
Source: Buenos Aires Herald