HSBC's private banking arm charged with tax fraud in Belgium

Mon, 17th Nov 2014 18:29

HSBC's private banking arm is facing charges of tax fraud by Belgium authorities.The Switzerland-based bank is accused of enabling more than 1,000 Belgians dodge taxes by transferring money to offshore tax havens.Brussels authorities said the bank had "knowingly eased and promoted fiscal fraud by making offshore companies available to certain privileged clients".It said these companies existed solely to aid tax avoidance.HSBC said it would "continue to cooperate to the fullest extent possible".

Related Shares

More News

Today 08:37

Norway wealth fund to back Barclays CEO, chair at AGM

OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays C...

3 May 2024 07:50

LONDON BRIEFING: InterContinental Hotels makes first-quarter progress

(Alliance News) - London's FTSE 100 is called to open higher on Friday, on the expectation of a softer US jobs report, which could take some sting out...

3 May 2024 06:30

HSBC facing shareholder pressure over green finance ahead of AGM

(Alliance News) - HSBC Holdings PLC is facing pressure from shareholders over green finance ahead of its annual general meeting.

2 May 2024 13:49

UK dividends calendar - next 7 days

2 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 shines but "mixed feelings" after Fed

(Alliance News) - London's FTSE 100 was solidly higher on Thursday, outperforming European peers, as earnings from the likes of Shell and Standard Cha...