The heiress to a major fashion empire has been sentenced to prison for tax evasion in the first of 50 cases expected in France.
Prosecutors are expanding a criminal investigation to include the bank’s global operations, as tax policy becomes a UK election issue.
Banking giant HSBC continues to face questions about its ability to block transactions that facilitate law breaking.
A former HSBC boss and current UK politician has denied “being asleep” at the wheel of the bank, as authorities continue building cases against HSBC.
European countries will share details of previously secret tax deals as part of a proposed new rule that cites ICIJ’s investigation as a key motivator.
HSBC’s leaders faced another session of intense questioning in the UK as the fallout over Swiss Leaks continues.
The bank’s sudden about-turn on evictions linked to its projects comes days after ICIJ and partners submitted questions on resettlement policies.
The bank has conceded broad failures in its resettlement policies, and admitted a lack of oversight of projects and borrowers.