HSBC’s Swiss bank probed for money laundering

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Series Details 18.02.15
Publication Date 18/02/2015
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The Geneva public prosecutor said on the 18 February 2015 that it had initiated proceedings against the Swiss branch of HSBC for suspected money laundering. The justice authorities on carried out a search of the bank’s premises.

The investigation followed allegations the previous week that the bank had helped clients evade substantial amount of tax.
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Related Links
ESO: Background information: HSBC bank 'helped clients dodge millions in tax' http://www.europeansources.info/record/hsbc-bank-helped-clients-dodge-millions-in-tax/
EUObserver, 19.02.15: HSBC offices raided as tax scandal deepens https://euobserver.com/economic/127713
Euronews, 18.02.15: HSBC ‘s Geneva offices raided by Swiss prosecutors http://www.euronews.com/2015/02/18/hsbc-s-geneva-offices-raided-by-swiss-prosecutors/
Swissinfo.ch, 18.02.15: HSBC Swiss branch charged with money laundering http://www.swissinfo.ch/eng/hsbc-swiss-branch-charged-with-money-laundering/41279296
The Local.ch, 18.02.15: HSBC Geneva searched in global scandal probe http://www.thelocal.ch/20150218/hsbc-geneva-searched-in-global-tax-evasion-probe
EurActiv, 31.03.15: Illicit Financial Flows and development aid http://www.euractiv.com/video/illicit-financial-flows-and-development-aid-313496
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