Monday, February 9, 2015

#ICIJ makes big revelations in HSBC's #SwissLeaks

Documents obtained by the International Consortium of Investigative Journalists (ICIJ) via the French newspaper Le Monde, show the HSBC's dealings with clients engaged in a spectrum of illegal behaviour, especially in hiding hundreds of millions of dollars from tax authorities.

The secret files obtained by ICIJ — covering accounts up to 2007 associated with more than 100,000 individuals and legal entities from more than 200 nations — are a version of the ones the French government obtained and shared with other governments in 2010, leading to prosecutions or settlements with individuals for tax evasion in several countries.
Nations whose tax authorities received the French files include the US, Spain, Italy, Greece, Germany, Britain, Ireland, India, Belgium and Argentina.