Swiss Prosecutors Search Offices of HSBC Unit
The Geneva prosecutor’s office said in a statement on Wednesday that it had opened a criminal inquiry into possible aggravated money laundering against HSBC Private Bank (Suisse), but it did…
Tag: laundering
Swiss Prosecutors Launch Money Laundering Investigation Of HSBC Subsidiary, Search Bank’s Offices
Geneva prosecutors searched the premises of HSBC’s Swiss subsidiary on Wednesday after launching a money-laundering investigation over a report that the bank helped hide millions of dollars for drug traffickers,…
HSBC offices raided over money laundering allegations
HSBC told ICIJ that it was making tax evasion and money laundering more difficult for its clients. “We acknowledge that the compliance culture and standards of due diligence in HSBC’s…