July 5, 2010 - HSBC Clients With Singapore, India Accounts Said to Face U.S
The Justice Department is conducting a criminal investigation of HSBC Holdings Plc clients who may have failed to disclose accounts in India or Singapore to the Internal Revenue Service, according to three people familiar with the matter.
June 26, 2010 - Spain confirms probe of 3,000 Swiss bank accounts
Spanish tax authorities are investigating 3,000 accounts at HSBC bank in Switzerland over possible unpaid taxes, the Spanish finance minister confirmed on Thursday.
May 27, 2010 - Hotel developers denied bail in tax fraud case
U.S. Magistrate Judge Lurana Snow noted that Mauricio Cohen Assor, 77, and Leon Cohen Levy, 46, currently live in Monaco but also have strong ties to Africa, Spain, France and other places where they could escape U.S. prosecution.
June 25, 2010 - Spain probes 3,000 Swiss bank accounts for fraud
Treasury inspectors are probing some 3,000 accounts held by Spaniards at HSBC bank in Switzerland for possible tax fraud, the finance minister said Thursday
June 25, 2010 - Spain probes 3,000 Swiss Bank accounts for fraud
"The account holders have been advised. They have to put the accounts in order with the Treasury and of course they will receive the corresponding sanctions and penalties," Salgado said in an interview with Spanish National Television....
May 26, 2010 - Italian police eye £4.8bn in HSBC client accounts as part of
The financial police in Italy have said that their investigation into data stolen from HSBC in Switzerland has revealed that funds of up to $6.9bn (£4.8bn) may be affected in Italian accounts alone.
May 21, 2010 - Italy said to tap stolen HSBC private banking data
Italian police is probing alleged tax evasion by nearly 7000 of its citizens having undeclared offshore accounts at HSBC's Swiss private banking unit, Finextra said, citing a Bloomberg report.
May 19, 2010 - France: Italian police given 'list of 7,000 tax evaders'
The entire list, which is understood to include a total of 120,000 offshore accounts, was handed to police by Herve Falciani, a former employee of the HSBC's Swiss private banking business.
May 18, 2010 -Swiss banks' mantra of 'go east' carries risks
While the Swiss government claims that bank secrecy still holds, most observers think it's only a matter of time before Switzerland capitulates on the automatic transfer of tax information...
May 11, 2010 - US tax probe moves focus to Asia in offshore bank crackdown
US authorities are set to investigate thousands of affluent tax evaders using offshore bank accounts, according to legal experts.
May 3, 2010 - US to probe thousands more offshore tax evaders
We expect... between 4,000 and 7,000 more cases coming to us with. These are from banks and governments cooperating," said Kevin Downing, a senior tax attorney of the U.S. Department of Justice...
April 30, 2010 - Italians To Repatriate Assets Worth Over EUR106B In Amnest
"We noticed an increase of requests when the HSBC story broke on the Italian press in March," Banca Generali CEO Giorgio Girelli said. French tax authorities seized some HSBC Holdings PLC (HBC) Swiss client data...
April 27, 2010 - Swiss Banks Move From Tax Havens to Tax Cops
Last year, the French government seized a stolen disc with details of 24,000 Swiss bank-account holders at HSBC Holdings PLC, and authorities there also are looking through the data for tax dodgers.
April 17, 2010 - UPDATE: Father, Son Real Estate Developers Detained In Tax
The Wall Street Journal reported that a person familiar with the case said the IRS agent handling the case specializes in inquiries tied to HSBC..... A HSBC spokesman declined comment Friday...
April 17, 2010 - HSBC clients among nine charged in US tax cases
Two clients of HSBC Holdings were among nine people charged by US prosecutors with concealing offshore bank accounts, cases potentially roping in a second major bank to a US crackdown on wealthy tax cheats...