The AFIP tax bureau has solicited judge María Verónica Straccia, who is in charge of the investigation into HSBC’s involvement in alleged tax evasion and money-laundering, to repatriate the money distributed in undeclared bank accounts in the bank’s Swiss headquarters.
Argentine citizens sent some 3.5 billion dollars in the space of just two years to 2,552 undeclared bank accounts in the Swiss subsidiary of HSBC, ranking the country 21st in the world in terms of money stashed away.
Source: Buenos Aires Herald