Around thirty directives of foreign exchange houses and banks have been sanctioned by the Financial and Currency Entities Superintendence (SEFyC) on accusations they have conducted «illegal» activities and operated in the parallel market.
The SEFyC yesterday sanctioned 11 financial entities for more than 45 million pesos and today it revealed the names of the directives involved.
According to ámbito.com, the vice president of HSBC Bankg USA, Miguel Ángel Estévez, is among the sanctioned. The entities punished are: EVES S.A, Cambio ALPE, Paris Cambio, Banco Privado de Inversiones, BICA, Global Exchange, Caja Crédito Cuenca and Davatur.
Source: Buenos Aires Herald