News of money

Report: $LIBRA-linked entrepreneur made huge crypto transfers after Milei meet

10-07-2025 14:31 Scandal into cryptocurrency scam deepens as IT expert and journalist identifies transfers – allegedly surpassing US$5 million – that were sent by businessman Hayden Davis via virtual wallets to accounts that remain unidentified, less than an hour after meeting with President Javier Milei.

FIFA CLUB WORLD CUP

CWC risks deepening inequality in Latin American football

11-06-2025 23:02 Imbalances are only likely to grow in Latin American football as a result of the FIFA Club World Cup.

EDITORIAL

Clean slates – for greenbacks only

10-05-2025 07:25 At least two of this week’s main news items may be considered further setbacks in the fight against corruption. Every suspicion of a meticulously manipulated Senate result instead of free votes of conscience, while those complying with the conditions of last year’s tax whitewash might ask themselves why they went to all that trouble – a black week for removing the stain of corruption with no guarantee against more to come.

'Blanqueo permanente'?

Experts say Argentina’s dollar thirst could open door for illegal funds

06-05-2025 12:26 Experts raise concerns about legal and tax consequences of using undeclared money after Economy Minister Luis Caputo urged Argentines to take their dollars out and "remonetise" the economy – without having to answer questions.

by Eugenia Muzio

POLITICS – ANALYSIS

Tales of the blue (dollar)

29-03-2025 06:11 Milei and Caputo have promised to lift the 'cepo' currency controls. It won’t signal the end of the 'blue,' but it should reduce its importance and the wild fluctuations that voraciously mint millionaires and, at the same speed, erase their fortunes.

by Agustino Fontevecchia

'CRYPTOGATE' SCANDAL

Milei denies role in 'cryptogate' after 'pay for access' reports

03-03-2025 09:36 The La Libertad Avanza leader said he posted about the cryptocurrency in "good faith" and denies wrongdoing.

POLITICS

‘La ruta del dinero Karina’? Probing the reports of dirty Milei money

28-02-2025 10:00 Javier Milei’s government is undergoing its worst crisis yet, with questions and speculation over ‘Cryptogate’ and reports of shady characters wanting cash for access to the President. Behind the La Libertad Avanza leader, there is one person who runs everything related to him: his sister, Karina.

by Juan Luis González

LIONEL'S WEALTH

US$232 million – Lionel Messi reveals his real-estate assets

31-12-2024 08:49 Lionel Messi has carried out a listing of his real-estate properties, valuing the portfolio at 223 million euros (US$232 million).

Congress & Politics

Entre Ríos lawmaker accused of money-laundering expelled from Senate

13-12-2024 13:29 Entre Ríos Senator Edgardo Kueider expelled from upper house while detained in Paraguay on suspicion of money-laundering; He and other detainee found with more than US$200,000 in cash as he attempted to cross border.

POLITICS

Entre Ríos senator facing money-laundering probe requests leave of absence

10-12-2024 20:01 Entre Ríos Senator Edgardo Kueider requests leave of absence from upper house while detained in Paraguay on suspicion of money-laundering after being found carrying more than US$200,000 in cash across border.

INTERNATIONAL ASSESSMENT

Argentina dodges FATF money-laundering ‘grey list’

24-10-2024 18:44 Financial Action Task Force money-laundering watchdog approves report on Argentina and Milei government avoids possible sanctions which might have placed investments at risk.

BEYOND THE HEADLINES

Poverty lies under the mattress

05-10-2024 06:06 Idle capital amounting to over half of Gross Domestic Product surely goes a long way towards explaining why over half the population is poor.

by Michael Soltys

FIGHT AGAINST MONEY-LAUNDERING

Argentina at risk of falling onto FATF money-laundering ‘grey list’

31-08-2024 05:54 President Javier Milei wants to introduce a ‘blanqueo’ whitewash amnesty for undeclared assets. But his plan could see Argentina fall foul of the Financial Action Task Force money-laundering watchdog. RIGI multi-billion dollar investment incentive scheme is also under scrutiny.

by Ariel Maciel

POLITICS – ANALYSIS

Milei under pressure for the first time

06-07-2024 05:59 If the doubts regarding Milei’s capacity to preside over Argentina were tied to governability risk, Caputo’s are connected to credibility risk: it’s difficult to see how the current policy framework can be sustainable in time.

by Agustino Fontevecchia

CURRENCY IMPROVISATION

La Rioja Province puts its own ‘quasi-currency’ in circulation

02-07-2024 16:01 New ‘chachos’ enter into circulation, currency honours local caudillo; Provincial Governor Ricardo Quintela announced the plan back in January, which won approval from local legislature a month later.

FEATURE

Norberto Milei: The unknown story of the President’s father

25-05-2024 05:27 How President Javier Milei’s father went from being a bus-driver to businessman. His lost trials for tax evasion and the companies he formed with his daughter, Karina, to manage millions of dollars. The scenes of physical and psychological violence which distanced him from his son.

by Juan Luis González

BILLS, BILLS, BILLS

10,000-peso banknote enters into circulation

07-05-2024 22:10 In a move that recognises runaway inflation of almost 290 percent, Argentina launches a new high-denomination banknote of 10,000 pesos – worth around US$11.

TAX-EVASION SCANDAL

'Panama Papers' trial to begin eight years after tax scandal

08-04-2024 09:20 Twenty-seven people in the dock for money-laundering as the "Panama Papers" case reaches trial, eight years after scandal first broke out.

EDITORIAL

Prices out of the market

12-01-2024 15:24 President Milei wants to avoid the failures of Mauricio Macri’s gradualism but the shock approach might have too short a fuse.

BILLS, BILLS, BILLS

Argentina to issue 20,000-peso bills as inflation eclipses 211%

12-01-2024 09:55 Argentina is preparing to offer larger denomination peso bills in an attempt to simplify daily transactions.

ECONOMIC INDICATORS

Record money-printing: 9.439 billion banknotes in circulation as Fernández leaves office

04-12-2023 18:01 The money moving around "the street" has gone up 80 percent in the last four years. On average there are currently 2,050 banknotes per inhabitant in circulation, none worth more than US$2 each.

CURRENCY CLAMPDOWN

Half-billion pesos seized, whistleblower arrested in exchange house raid

16-11-2023 18:23 Leonardo Fariña, whistleblower in “K money route” graft case, arrested when Federal Police and Customs officers raided illegal ‘cueva’ exchange house in Belgrano

'Yachtgate' scandal

Almost US$600,000 seized by police from Sofía Clerici’s home

24-10-2023 16:51 US$569,700 confiscated by Federal Police from the home of model Sofía Clerici at the upmarket neighbourhood of Nordelta in the framework of the money-laundering and embezzlement case.

CRIME

‘Croat’ Ivo Rojnica arrested by police in Nordelta

24-10-2023 16:20 Ivo Rojnica, allegd boss of Nimbus Group parallel exchange house, arrested in the middle of 23 raids ordered by federal judge. Businessman Federico Pulenta and another financier also apprehended. The case is for money-laundering linked to alleged drug-dealing.

ELECTION 2023: ANALYSIS

Money machine and fear were all it took to stop Milei’s surge

24-10-2023 12:34 All it took to shatter Javier Milei’s bubble was the Peronist machinery going into high gear and a jacking up of the fear factor.

CRISTINA & THE COURTS

Supreme Court delivers judicial setbacks for Cristina Fernández de Kirchner

10-10-2023 18:37 Argentina’s highest court moves to dismiss different claims made by the former president’s defence team in the money-laundering and Iran memorandum cases.

ECONOMIC INDICATORS

Government has printed equivalent of 18% of GDP since 2019

19-09-2023 09:33 New report says President Alberto Fernández’s administration has printed the monetary equivalent of 3% of GDP so far this year, most of it aimed at the repurchase of bonds to protect their price level.

CRISTINA & THE COURTS

Double judicial setback for Cristina Fernández de Kirchner

18-09-2023 23:20 Federal Appeals Court orders reopening of two high-profile cases against Argentina’s vice-president: Hotesur-Los Sauces corruption probe and controversial Memorandum of Understanding with Iran. Beginning of both trials likely to be delayed due to additional appeals.

Political Scandals

Colombian president's son arrested on money-laundering charges

31-07-2023 12:43 Nicolas Petro was arrested on July 29th, 2023, on charges of money laundering and illicit enrichment in a scandal linked to his father's election campaign, officials said.