Swiss raid HSBC offices

Suspected money laundering

(ANSA) - Rome, February 18 - Swiss prosecutors on Wednesday raided offices of the Geneva subsidiary of British-based HSBC bank in an inquiry into alleged money-laundering.
    Investigators said they were investigating the Swiss unit of the world's second-biggest bank, HSBC Private Bank (Suisse), and "persons unknown for suspected aggravated money laundering".
    The investigation could be extended to people suspected of committing or participating in money laundering.
    HSBC said it was "co-operating with the Swiss authorities".
    The raid comes just over a week after allegations first emerged that HSBC's Swiss private bank may have helped wealthy clients evade tax. HSBC published a full-page advert in several weekend papers containing an apology over the claims made by whistleblower Hervé Falciani.
   

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