Argentine agency discovers fraudulent transactions by HSBC
March 19 , 2013
Argentina's tax agency revealed on Monday it had discovered $76.8 million in fraudulent transactions by HSBC.
It has since asked the judicial system to investigate the European bank for alleged tax evasion and money laundering.
Last year, HSBC was fined $1.9 billion last year for similar irregularities in Mexico and the United States.
The AFIP tax agency filed the complaint last month over alleged irregularities uncovered over the last three years.
HSBC has declined to comment on the case.
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