Argentina central bank shuts virtual wallet of AFA-linked financier in laundering probe

Argentina's central bank ordered the shutdown of Sur Finanzas PSP, a virtual wallet owned by Ariel Vallejo, who is linked to the Argentine Football Association (AFA) and under investigation for alleged money laundering. The action signals heightened regulatory scrutiny of fintech payment platforms in Argentina, potentially affecting the broader digital payments sector. The investigation is ongoing, and the full scope of the alleged scheme remains unclear.

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