A new mass data leak, this time from an elite law firm with elite clients, shows how deeply offshoring is embedded in the global financial system.
HSBC has agreed to pay $352 million to settle charges that it helped wealthy clients of its private Swiss bank evade taxes in France.
A judge has ruled that a report on HSBC’s attempts to fix compliance issues should be public, despite resistance from both the bank and the government.
Prosecutors opened the criminal trial of a former HSBC IT worker accused of theft, but the defendant refused to leave France to face charges.
Luxembourg Leaks, Swiss Leaks and Fatal Extraction investigations honored with 2015 EPPY awards.
A former head of the embattled bank and current member of Britain’s House of Lords has conceded compliance failures at the bank’s Swiss branch.