The accusation against the Swiss banking giant HSBC weighs heavy. According to the revelations known as “Swissleaks” the bank should be involved in transactions with arms dealers, smugglers and tax evaders. Now start the investigation.
Following the reports of questionable financial practices at the bank HSBC, there has been at the Geneva branch on Wednesday searches. The prosecutor of the canton advised that it had been taken after the recent revelations investigations into serious money laundering against HSBC Private Bank.
The searches bench seat would be led by the cantonal prosecutor Olivier Jornot and Yves Bertossa. Investigations may be extended by the bank on individuals, said the prosecutor. A bank would ipso facto be punished because they did not prevent violations of employees through appropriate measures.
HSBC has apparently known dictators helped
An international research network had on. 9 Feb. black money accounts and transactions with arms dealers and smugglers in the Swiss HSBC made public. According to the revelations known as “Swissleaks” the bank should in the past world tens of thousands of customers, including well-known dictators and criminals, who helped to hide around 180 billion euros from the tax authorities.
Since 2008, radical reconstruction
The revelations go to the former HSBC employees Hervé Falciani back the stolen 2007 comprehensive customer data the Swiss subsidiary and in 2009 handed over to the French tax authorities had.
The Swiss branch had distanced itself after the revelations of the criticized practices. Since 2008, the bank had made a radical restructuring, to prevent their service for tax evasion and money laundering was being used, said the head of the Swiss HSBC, Franco Morra. New managers had the business practices revised and closed accounts of dubious customers
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