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HSBC Faces New Money Laundering Claims

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Argentina's government said it filed charges against the local subsidiary of U.K. bank HSBC Holdings PLC for allegedly helping businesses evade taxes and launder money. Ricardo Echegaray, director of federal tax agency Afip, said a six-month investigation uncovered evidence of tax evasion and money laundering amounting to 616 million pesos…

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Click here to read the full story: http://online.wsj.com/article/SB10001424127887323415304578368244050745684.html

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