Incoming in money laundering without declaring

The Federal Revenue Administration (AFIP) has detected more than 400 million US dollars without reporting the people involved in the money laundering of 2016.

It was based on an agreement between the Argentine government and the Organization for Economic Co-operation and Development (OECD). Last year, this entity sent to the local authorities information about Argentinian bank accounts abroad.

In May 2018, the OECD submitted the first batch of information, containing data from 40,000 Argentine accounts abroad. When this set of accounts has not yet been processed, AFIP has already found 400 undeclared accounts of 400 people who have joined the money laundering scheme. And at the end of last year sent 120 thousand additional accounts.