Argentina has signed a banking information sharing agreement with the Bahamas, The Wall Street Journal reports. The contracts are designed to stop tax evasion and fraud by exchanging tax information, lifting banking secrecy and allowing agents to carry out investigations overseas.

Argentina, which has signed similar deals with Costa Rica, Andorra and Monaco, is likely to sign a similar deal with San Marino. Argentines are estimated to have over $100 billion in funds invested overseas.

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