Former HSBC Bank employee Hervé Falciani gave a USB stick with eight names of alleged tax evaders to the four Greek prosecutors who took his testimony at the Greek Embassy in Paris. According to information from an anonymous source at the Public Prosecutor’s office, the list of names includes two businessmen and one lawyer who […]

Jersey Financial Services Commission issue a Public Statement HSBC Bank Middle East Limited (“HBME” or “the Bank”) Banking Business (Jersey) Law 1991, as amended (the “Banking Law”) Action 1.1.         The Jersey Financial Services Commission (the “Commission”) issues this public statement under Article 48(2) of the Banking Law. 1.2.         This action supports the Commission’s objectives of […]

The Sue Shelley’s story is not to be taken lightly. It has been reported that Sue Shelley, former head of compliance at HSBC Private Bank Luxembourg was fired in July 2013 after denouncing “failures in compliance” of the bank in Luxembourg. Sue Shelley testified Monday in a BBC broadcast his doubts on the compliance of […]

The heir to the Nina Ricci perfume dynasty has been sentenced to three years in prison, two of them suspended, after being convicted on Monday of hiding money from the French taxman with the help of HSBC. A Paris court also fined Arlette Ricci €1m (£722,000) after declaring she had shown a “particularly determined willingness […]

HSBC said in a statement Thursday that French magistrates ordered a formal criminal investigation (“mise en examen”) into HSBC’s Swiss Private Bank for alleged tax-related offenses. The statement said bail of €1 billion ($1.075 billion) was imposed. “HSBC Holdings plc believes the French magistrates’ decision is without legal basis and the bail is unwarranted and […]

Government threatens to disclose identities in official gazette after Switzerland pledges to help tax officials in India HSBC’s Indian customers have been advised to get a lawyer in Switzerland or have their names published in the official gazette over tax evasion claims. HSBC customers in India suspected of tax evasion have been given 30 days […]

British people and expats with accounts with international banks in the Channel Island of Jersey are facing confusion over a global clampdown on tax avoidance and money laundering. The move is a result of a series of high profile cases in which banks have been investigated over allegations that offshore or foreign accounts have been […]

HSBC is closing all accounts on Jersey belonging to customers living in the UK. It is part of a move by UK banks carrying out checks on the identity and addresses of thousands of their customers on the Channel Islands. HSBC is among those carrying out the move, according to documents seen by BBC News. […]