Financial institutions often enter into relationships with high-risk clients over the objections of their compliance officers, but don't always draw regulatory or legal scrutiny as a result. BankUnited has not been so lucky.
A plan approved Wednesday by Argentine lawmakers to entice tax dodgers to repatriate their assets will also motivate international bankers to ask questions of their counterparts in the country.
Argentina Monday became the first ever Group of 20 nation to be added to the Financial Action Task Force's latest iteration of a list of countries with troubled anti-money laundering regimes.
An expected decision on whether to include Argentina on an intergovernmental list of jurisdictions with poor compliance controls will depend on the country's willingness to enforce its new laws, say analysts.