Falciani: HCBC board 'cosied up' to criminals | Ian Fraser:
"Hervé Falciani is the man behind the largest leak in banking history. Speaking in February 2014, he tells film-maker Nick Francis why he had little choice but to become a whistleblower. He says what tipped him over the edge was that the board of HSBC, chaired by Sir John Bond in 1998-2006 and Stephen Green in 2006-10, was not prepared to lift a finger to stop the bank from being used as a vessel to hide $500bn of assets which “were not supposed to be there”, i.e. dirty money including the proceeds of crime, the drugs trade, cash from blood diamonds trafficking, and funds that customers were seeking to squirrel away from the tax man.
Since 2009, Falciani has been collaborating with numerous European nations by providing information relating to more than 130,000 suspected tax evaders with Swiss bank accounts – specifically those with accounts in HSBC’s Swiss subsidiary, HSBC Private Bank. On 11 December 2014, Falciani, who worked for ten years as a computer analyst at HSBC in Monaco and Switzerland, was indicted by the Swiss federal government for violating the country’s bank secrecy laws and for industrial espionage, the only person so far to have been indicted for the allegedly criminal activities of HSBC (though a few its customers have already been prosecuted in various countries)."
'via Blog this'
No comments:
Post a Comment