If Your Name Is On This List, Prepare To Be Audited (Or Worse)
by Tyler Durden
ZeroHedge.com
02/09/2015
Over the weekend we got the latest confirmation that when it comes to enabling of tax evasion and parking of criminal money, HSBC is second only to US real estate in catering to shady offshore oligarchs, dictators, rock stars, monarchs, and even outright criminals.
What happened was the following: The French newspaper Le Monde obtained a version of the tax authority data, which covers accounts of more than 100,000 clients (individuals and legal entities) from more than 200 countries. The newspaper shared it with the International Consortium of Investigative Journalists with the agreement that it would assemble a global team of journalists to explore the data and produce this reporting project.
The data comes from three types of internal bank files from different time periods. One reflects clients and their associated private accounts at the Swiss branch of the bank mostly from 1988 to 2007. Another is a snapshot of the maximum amounts in the client accounts during 2006 and 2007. The third is of notes on clients and conversations with them made by bank employees during 2005.
The Rest…HERE
