News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
The Geneva-based private banking unit of HSBC entered into France’s first deferred prosecution agreement Tuesday under the country’s new anti-corruption regime.
HSBC helped French clients evade local taxes and launder money, the DPA said.… Continue Reading
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.… Continue Reading
HSBC CEO Stuart Gulliver opened an account at the bank’s Swiss affiliate in the name of a Panama-based company while he was based in Hong Kong.
His bonuses were paid to the account in Geneva.… Continue Reading
Prosecutors in Switzerland searched the offices of HSBC’s private bank in Geneva Wednesday as part of an investigation into money laundering.
The Geneva prosecutor’s office said it opened a criminal inquiry into possible money laundering against HSBC Private Bank (Suisse).… Continue Reading
The “Lagarde List” of tax evaders with money at the Swiss branch of HSBC is proving to be a treasure trove of information linking secret bank accounts to politicians in Europe, first in Greece and now in Spain.… Continue Reading