Tag: HSBC tax evasion

• Wednesday, September 2nd 2015 - 06:39 UTC

  Argentina revokes license of HSBC president for not preventing tax evasion

  

  Argentina's Central Bank (BCRA) has revoked the license of Gabriel Martino as president of the HSBC, forcing him to step down from his post. The entity commanded by Alejandro Vanoli considered Martino responsible for failing to establish “necessary” control mechanisms to prevent clients from evading taxes and moving capital abroad.

• Saturday, June 20th 2015 - 00:14 UTC

  Argentine congress members in Paris investigating HSBC with whistleblowers

  

  Members of the Argentina's congressional bicameral commission investigating HSBC alleged illegal scheme to help Argentines evade taxes and siphon money out of the country, met in Paris with a group of French legislators and with UBS whistleblower Stéphanie Gibaud.

• Monday, April 13th 2015 - 07:38 UTC

  French magistrates order HSBC to post a 1bn Euro bail to cover potential fine

  

  French judges have ordered HSBC Holdings to post a one-billion Euro bail to cover a potential fine after the bank was put under formal criminal investigation over allegations it helped customers dodge their taxes.

• Friday, March 20th 2015 - 07:12 UTC

  Names of Argentines with HSBC offshore accounts in Switzerland to be made public

  

  Argentina will move forward with its investigation of the HSBC offshore accounts in Switzerland, and will make public the names of those Argentine citizens and organizations that held money overseas in the financial entity, allegedly with the purpose of eluding local taxes.

• Tuesday, March 10th 2015 - 03:21 UTC

  Argentina's top tax official attends HSBC hearings at UK Parliament

  

  Argentina wants HSBC Holdings Plc to repatriate 3.5 billion dollars the bank's Argentine branch moved offshore to help clients evade taxes and move capital abroad, the country's tax chief Ricardo Echegaray said on Monday during a hearing which took place at the House of Commons in London, where top executives of HSBC were present.

• Thursday, February 19th 2015 - 05:44 UTC

  HSBC Swiss office searched by Geneva prosectuor; second probe in a week

  

  Geneva's public prosecutor searched HSBC's lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probe to hit the bank this week.

• Tuesday, February 17th 2015 - 07:09 UTC

  France ends HSBC Swiss private bank investigation; trials set to begin

  

  French investigation into HSBC's Swiss private bank over a suspected tax-dodging scheme for wealthy customers has ended, bringing it a step closer to a possible trial, a judicial source said.

• Saturday, February 14th 2015 - 06:23 UTC

  Argentina's tax office demands HSBC Swiss branch repatriate of 3bn dollars in undeclared accounts

  

  HSBC’s Swiss branch must repatriate the 3 billion dollars deposited in the 4,040 undeclared accounts held by Argentine citizens and companies, Argentina's AFIP tax bureau chief Ricardo Echegaray announced.

• Thursday, February 12th 2015 - 05:34 UTC

  UK's Customs request information on Argentina's criminal case against HSBC

  

  Britain's HM Revenue and Customs (HMRC) department has requested Argentina’s AFIP tax bureau information on the criminal report filed in Buenos Aires against HSBC on allegations the bank helped more than 4,000 clients to evade taxes by stashing their money in secret Swiss bank accounts.