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Pesce: Central Bank Audits Drove Currency Probes as Federal Judges Conduct Raids

He says sanctions and closures started under his tenure are now being enforced, with some institutions facing fines of up to 60 billion pesos.

Overview

  • Former BCRA head Miguel Ángel Pesce said most 2022–2023 cases over alleged irregular dollar trades arose from complaints the central bank filed after internal audits.
  • Separate judicial inquiries led by María Servini, María Eugenia Capuchetti and Sebastián Casanello prompted searches at banks, exchange houses, finance firms and private residences.
  • Pesce outlined the administrative process for FX violations as a sequence of warning, formal proceeding, suspension and potential penalties.
  • He said 136 exchange operators were shut during his term and 15 more at the start of the current government, and that fines initiated then are now being applied.
  • Pesce emphasized that the Economy Ministry did not take part in these controls and he rejected any connection between these cases and investigations into AFA management.