Sunday, February 8, 2015

HSBC admits helping tax evaders in Switzerland – NU.nl

HSBC admits helping tax evaders in Switzerland – NU.nl

HSBC has responded to reports in the international media, which concluded that rich clients were helped in evading taxes.

“We recognize and are responsible for mistakes in the past in terms of compliance and control, “says the bank. According to HSBC, the Swiss branch of the purchase in 1999 was not fully integrated into the business, so the level of supervision failed. The problems would be addressed now.

According to The Guardian were criminals, corrupt businessmen and other risky people open bank accounts in Switzerland. With some clients would have conspired to keep their money out of sight of the tax authorities, reports the British newspaper.

‘Swiss bank data from more than one hundred thousand people leak’

By: Reuters

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