Overview
- The BCRA’s Superintendencia opened an administrative sumario naming the AFA, president Claudio Tapia, and treasurers Pablo Toviggino and Alejandro Nadur over alleged currency-law breaches tied to 2020–2023 inflows of about US$131.4 million plus €94.999 million.
- Investigators allege the AFA reclassified foreign payments from services (code S24) to “other current transfers” (code 108) to present them as donations and avoid mandatory liquidation in the official exchange market.
- Flows under review include roughly €95 million from Adidas sponsorships, about US$45 million from Fox/Imagen TV deals, around US$65 million from Argentina Football Distribution, and additional transfers from FIFA and CONMEBOL.
- The Central Bank says it sought explanations repeatedly since September 2024; the sumario can result in fines or FX-market disqualification and could be referred to prosecutors if the AFA’s response is insufficient.
- Parallel judicial inquiries are examining potential laundering and asset irregularities, including a corporate AFA credit card allegedly used for expenses tied to a Pilar mansion and dozens of seized luxury vehicles.