ANTI-MONEY LAUNDERING FIGHTER CHAIRS KEY VATICAN UNIT

ANTI-MONEY LAUNDERING FIGHTER CHAIRS KEY VATICAN UNIT

Vatican | Newsmakers
René Brülhart, known as the “James Bond of the financial world” for his high-profile role in cases such as the return of assets from Saddam Hussein to post-war Iraq and the uncovering of the Siemens bribery scandal, has become chairman of the Vatican’s anti-money-laundering unit.

 

ARGENTINA’S TAX DEPARTMENT STRIPS PROCTER & GAMBLE LICENSE

ARGENTINA’S TAX DEPARTMENT STRIPS PROCTER & GAMBLE LICENSE

Corporate Tax | Management
Approximately 500 American companies operate in Argentina—but on November 3 that number abruptly decreased by one as the country’s tax authority, the Administración Federal de Ingresos Públicos (AFIP) revoked the company’s registration, accusing P&G of tax and accounting fraud.

ARGENTINE GOVERNOR MAY FURTHER DILUTE CENTRAL BANK INDEPENDENCE

ARGENTINE GOVERNOR MAY FURTHER DILUTE CENTRAL BANK INDEPENDENCE

Newsmakers | Argentina
Argentine president Cristina Fernández de Kirchner in early October triggered the resignation of the head of the country’s central bank, Juan Carlos Fabrega, by criticizing him for not reducing manipulation of the country’s currency. His replacement, Alejandro Vanoli, formerly the head of the country’s securities regulator, CNV, doesn’t look likely to set Argentina on a better path.