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JPMorgan Will Close Accounts of Argentines With Undeclared Funds

  • Bank urges clients to participate in tax-amnesty program
  • Citizens have until Monday to open special amnesty accounts

JPMorgan Chase & Co. warned its Argentine clients with undeclared funds to participate in the government’s tax-amnesty program or risk losing their accounts.

“Big banks like JPMorgan will require that all funds be duly declared, and if not, we will close the accounts," Facundo Gomez Minujin, who heads the New York-based bank’s Argentina unit, said in an interview.