April 16, 2010 - 2 Charged in Tax Evasion Scheme Involving HSBC
The bank was identified as HSBC by a person who was briefed on the matter but spoke on condition of not being identified because the investigation is continuing, The Times said...
April 15, 2010 - Italian Court Requests Offshore Account Holder List,
It has been disclosed that the Italian court in Turin has forwarded a request for judicial assistance to the French prosecutor in Nice, requesting sight of the list containing details of foreign account holders taken in 2008 from HSBC in Switzerland.
April 13, 2010 - Ex-UBS Client Abrahamsen Pleads Guilty to Tax Charge
A Virginia surgeon also pleaded guilty in February to conspiring with an HSBC Holdings Plc banker to hide a Swiss account from U.S. tax authorities...
April 7, 2010 - US begins new wave of UBS client tax cases
Whistleblowers in Europe have given authorities tax data from clients of Credit Suisse and HSBC. US lawyers say authorities will likely share that information with the United States.
March 26, 2010 - Hong Kong may be next IRS focus
Some see Hong Kong as the next logical focus of a global IRS push to ferret out hidden accounts that began with the prosecution of Swiss banking giant UBS AG...
March 25, 2010 - IRS Gearing Up For Assault On Tax Evaders In Hong Kong
The Internal Revenue Service, which has already waged a bruising battle against Switzerland’s bank secrecy laws, is turning its guns on Hong Kong with plans to significantly increase the number of officials it bases there...
March 25, 2010 - IRS Shifts Enforcement Focus To Asia
Some see Hong Kong as the next logical focus of a global IRS push to ferret out hidden accounts that began with the prosecution of Swiss banking giant UBS AG...
March 18, 2010 - Swiss upper house approves five bank data deals
France obtained data on some clients of HSBC (HSBA.L)'s private bank in Geneva...
March 16, 2010 - HSBC to suffer from Swiss private client data breach
The challenge for banks is that protecting against such insider fraud is easier said than done.
March 16, 2010 - HSBC to suffer from Swiss private client data breach
The challenge for banks is that protecting against such insider fraud is easier said than done.
March 16, 2010 - UPDATE 1-IRS:new UBS-style foreign bank prosecution...
U.S. tax authorities are expected to "very shortly" launch another prosecution against a foreign bank similar to the tax evasion case they pressed against Switzerland's UBS AG (UBSN.VX), an Internal Revenue Service (IRS) agent said on Monday.
March 16, 2010 - UPDATE 1-IRS:new UBS-style foreign bank prosecution...
U.S. tax authorities are expected to "very shortly" launch another prosecution against a foreign bank similar to the tax evasion case they pressed against Switzerland's UBS AG (UBSN.VX), an Internal Revenue Service (IRS) agent said on Monday.
March 13, 2010 - Ex-IT HSBC Employee Accused of Stealing Information...
"To the extent the HSBC data includes U. S. based taxpayers having interests in HSBC foreign accounts, it is a virtual certainty such information will be delivered to the U. S. government," said Chuck Rettig, an attorney representing U. S. clients of UBS
March 13, 2010 - Ex-IT HSBC Employee Accused of Stealing Information...
"To the extent the HSBC data includes U. S. based taxpayers having interests in HSBC foreign accounts, it is a virtual certainty such information will be delivered to the U. S. government," said Chuck Rettig, an attorney representing U. S. clients of UBS
March 13, 2010 - U.S. likely to get peek at HSBC accounts
U.S. authorities are likely negotiating with the French through a treaty request to get the names of any U.S. clients, lawyers said on Friday.