The media has obtained the names of HSBC account holders, some of which will be named in a TV program to be shown by the British Broadcasting Corporation (BBC). .
Another Offshore Whistle Blower - Former HSBC Employee!
Recent court cases in the US and Europe have provided individual examples of the bank’s wrongdoing, but the leaked files show how these cases were part of a persistent pattern of misconduct.
Banking giant HSBC helped wealthy clients across the world evade hundreds of millions of pounds worth of tax, the BBC has learned.
Panorama has seen accounts from 106,000 clients in 203 countries, leaked by whistleblower Herve Falciani in 2007. The documents include details of almost 7,000 clients based in the UK.
HSBC admitted that it was "accountable for past control failures." But it said it has now "fundamentally changed".
The bank now faces criminal investigations in the US, France, Belgium and Argentina, but not in the UK, where HSBC is based. HSBC said it is "co-operating with relevant authorities".
|
Read more at: Tax Times blog
