The Financial and Currency Entities Superintendence (SEFyC) has sanctioned several foreign exchange houses and banks for more than 45 million pesos on accusations they have conducted «illegal» activities and operated in the parallel market, ámbito.com reported.
News come amid a tightening crackdown on the illegal currency market with the PROCELAC head Carlos Gonella yesterday reporting board members of several companies, including Carrefour Argentina, for “carrying out millionaire illegal financial operations.”
This week, the SEFyC decided sanctions for around 4.4 million pesos as part of control and supervision activities that the Central Bank has been conducting since last year.
According to sources quoted by ámbito.com, the SEFyC has fined “numerous foreign exchange offices and banks that failed to abide with the anti-laundering legislation; carried out prohibited activities; lacked functional independence in their stores or distorted normative interpretations in order to hide the true patrimony state of the entities.”
Authorities have also ordered the suspension and revoking of licenses to operate in the City of Buenos Aires.
Source: Buenos Aires Herald