Argentina has stepped up its tax evasion row with HSBC by demanding it repatriates $3.5bn (£2.32bn) of cash allegedly moved to its Swiss private bank.
The country's tax authorities issued the request weeks after the Central Bank of Argentina temporarily suspended HSBC Bank Argentina's operations of transferring money and assets abroad for a period of 30 days.
That action followed Argentina's decision last year to charge HSBC with aiding more than 4,000 clients to evade taxes by shifting assets offshore.
HSBC Argentina denied the claim - insisting it respected Argentine law.
A statement released by the bank said: "HSBC has been cooperating fully with Argentine regulators, including AFIP (the tax authority) and the judiciary, since allegations were first made public last year, and we will continue to do so."
At a news conference in London, the country's top tax official Ricardo Echegaray said Argentina was prepared to take criminal action on the allegations, which date back as afar as 2006.
He also confirmed officials had been approached for information by British authorities, which have been accused of largely failing to act on evidence of evasion, with just a single individual prosecuted by HM Revenue & Customs.
The cash repatriation demand was issued as the bank's group chief executive Stuart Gulliver, the former head of its private banking division Chris Meares and current non-executive director Rona Fairhead prepared to give evidence to MPs.
The Public Accounts Committee is expected to press for answers on accountability while Mrs Fairhead, who also chairs the BBC Trust, is likely to face questions on her previous roles at HSBC.
While Mr Gulliver has already apologised for past practices at the Swiss arm, he and chairman Douglas Flint told the Treasury Select Committee last month they had completed a series of reforms to help restore trust and confidence.
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