Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The British banking giant HSBC has been accused of facilitating money laundering and tax evasion in Argentina.
The South American country’s tax chief, Ricardo Echegaray, said HSBC’s Argentina subsidiary created an illegal scheme that helped its clients evade more than $100m (£66m) in taxes.
Mr Echegaray the scheme included a criminal organisation and fake receipts used to launder money for various companies. Since February, the bank “had been rolling out a fraud-enabling platform” that Mr Echegaray called “a manoeuvre to hide bank account information from tax collectors”.
HSBC’s Latin America spokeswoman, Lyssette Bravo, issued a statement promising to co-operate with authorities: “HSBC takes compliance with the law... very seriously and strongly supports the efforts of governments and regulators to detect unlawful activity.”
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments